The annual inflation rate in Tunisia declined to 6.9 percent in April 2019 from 7.1 percent in the previous month. It was the lowest inflation since February 2018, as inflation slowed mainly for food and non-alcoholic beverages (6.6% vs 7.5% in March), in particular (meat (9.8% vs 14.3%), vegetables (8.6% vs 10.2); transport (9.5% vs 9.7%), and recreation & culture (4.9% vs 5.2%). Inflation was steady for both housing & utilities (at 5.3%) and furnishings (at 9.1%). On the other hand, cost rose faster for clothing & footwear (9.0% vs 8.9%); restaurants & hotels (10.2% vs 8.8%). On a monthly basis, consumer prices went up 0.8 percent after increasing 0.4 percent in the previous month. Inflation Rate in Tunisia averaged 5.24 percent from 1963 until 2019, reaching an all time high of 16.70 percent in July of 1982 and a record low of -1.90 percent in June of 1970.
Inflation Rate in Tunisia is expected to be 7.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Tunisia to stand at 6.70 in 12 months time. In the long-term, the Tunisia Inflation Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.