News Column

Tunisia inflation creeps up to 5.7 percent in June

July 8, 2014

Reuters



Tunisia's annual inflation rate rose for the third consecutive month, to 5.7 ?percent ??in June??? ???from??? ???5.4 percent in May, official????? data showed 



on Tuesday.

Inflation had slowed to 5 percent in March, its lowest level since December 2011, but it rose again to 5.2 percent in April and to 5.4 percent in May.

Tunisia's central bank last month raised its key interest rate to 4.75 percent from 4.5 percent to ease inflation pressures, the second hike in six months.

Central bank governor Chadli Ayari told Reuters in March that he expected the inflation rate would stand at between 5.2 and 5.3 percent by the end of 2014, down from the average of 6.1 percent last year.

 


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Source: UMCI News


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