Economy / Tunisia
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Inflation Down, But Fuel Price Hikes Pose Upside Risk
July 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We reiterate our year-end inflation forecast of 5.0% y-o-y for Tunisia, a view supported by recent data released by the Office of National Statistics (ONS). According to the government agency, consumer price inflation fell to 4.9% y-o-y in June, down from a high of 6.0% y-o-y in April. This fall will ease the pressure on the central bank to raise interest rates, although the Tunisian authorities may be tempted to adopt a slightly more hawkish stance following the