Tunisia’s Government revealed that annual inflation rate dropped to 7.4% in September from 7.5% in August.
Inflation stood at 7.5 percent in August, unchanged from July, after hitting 7.8 percent in June, its highest level since 1990.
International Monetary Fund (IMF) has called upon Tunisia to tighten its monetary policy in order to contain the registered levels of inflation.
On the other hand, GAFSA Phosphate Company, managed by the Tunisian Government, announced that Tunisia's phosphate production fell by 25% over the first nine months of this year reaching 2.6 million tons compared to the same period of 2017.
According to the Central Bank of Tunisia, exports of phosphate are a major source of hard currency reserves, which have fallen to levels covering only 77 days of imports.
Source: (Reuters, Edited)
