Annual inflation in Tunisia rose last August to 8.6 percent, amid the continuing effects of the rise in global commodity prices, in the forefront of all kinds of energy. According to data issued by the National Institute of Statistics in Tunisia (governmental), annual inflation rose from 8.2 percent during the previous July. The National Institute attributed the inflation data to the acceleration of the rate of increase in the prices of the food and beverage group to 11.9 percent in August, the prices of furniture, fixtures, and home services to 11.3 percent, and education to 10 percent.
Tunisia is witnessing a severe economic crisis, exacerbated by the repercussions of the outbreak of the Corona pandemic, and the high cost of importing energy and basic materials as a result of the Russian-Ukrainian crisis. Tunisia had witnessed record inflation levels of more than 9 percent and above 16 percent in the eighties.
In March, the international credit rating agency, Fitch, downgraded Tunisia's sovereign rating from "B-" to CCC.
Source (Anadolu Agency, Edited)
