The rate of inflation in Tunisia recorded a decrease for the second month in a row, as it did not exceed the limits of 5.4 percent during the month of August, after it was 5.7 percent during the month of July and 5.8 percent during the month of June.
According to the Tunisian Institute of Statistics, this declining trend in the rate of inflation explains the slowing down of the rate of increase in prices of several major groups, the most important of which is the food and beverage group, which decreased by 3.9 percent.
Tunisia had registered record inflation rates during the past years, reaching 7.8 percent, prompting the Tunisian authorities to raise the interest rate nine times during the period between 2013 and 2019, as a preemptive process to control the increasing rise in the rate of inflation. In this regard, a study prepared by the Tunisian Institute for Competitiveness and Quantitative Studies (governmental) showed that GDP growth decreased by 21 percent by the end of the current year in Tunisia, on the other hand, investment decreased by 4.9 percent, and household consumption and exports decreased by 8 percent. In addition to the rise in the unemployment rate from 15 percent to 21.6 percent, which means that about 274.5 thousand Tunisians joined the list of the unemployed, and their entry into unemployment statistics, along with 630 thousand other unemployed.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
