The Central Bank of Tunisia revealed that inflation will continue its upward trajectory to close in 2021 at the level of 6.6%, compared to 6.4% last November and 4.9% a year ago.
According to the Central Bank, the rise in prices for consumption recorded by the end of 2021 will continue for a longer period than previously expected. Especially since inflationary pressures at the level of the most important components of prices are considered high, which would push inflation towards relatively high levels in the medium term as a result of the escalation of global prices. Especially the materials supplied, the trend towards controlling support expenditures, as well as the impact caused by the scarcity of water resources.
The Tunisian Central Bank estimated that inflation will reach 7 percent in 2022, which means an additional pressure on the citizens' ability to spend, especially the weak and middle classes that have been crushed by high prices over recent years.
The Central Bank warned that any recourse to monetary financing would have dire consequences for monetary and financial stability. Noting that he will use all available means to confront any deviation in inflation.
Source (Al-Arabi Al-Jadeed Newspaper, Edited)
