Tunisian Minister of Commerce Omar Al-Bahi predicted that Tunisia's inflation rate will be less than 7 percent by the end of the first half of this year, attributed to the stability of the Tunisian dinar exchange rate against the most important foreign currencies.
"During the first five months of this year, the Tunisian dinar managed to gain 3 percent against the euro and about 4 percent against the US dollar," he said.
In the same context, the Tunisian Institute of Statistics (a government institution) revealed the decline in inflation during the month of June to the level of 6.8 percent, after it was within the range of 7 percent in May, and 7.5 in percent in December of last year.
The drop was due to lower food and beverage prices from 7.3 percent to 6 percent last month. The decline was mainly due to the fall in prices of fresh produce and fresh vegetable prices by 7.9 percent as a result of the peak production during this period, the seasonal summer harvest entering the marketing phase, and the drop in egg prices by 5.7 per cent.
Source (Asharq Al-Awsat newspaper, Edited)
