Tuesday, June 15, 2021

    Tunisian annual inflation rises to 7.7 pct in April, record level

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    Naija247news, Nigeriahttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    TUNIS (Reuters/Naija247news) – Tunisia’s annual inflation rate rose to 7.7 percent in April from 7.6 percent in March, official data showed on Saturday, to hit a record level.

    The central bank raised its key interest rate to 5.75 percent from 5.0 percent last March to tackle inflation.

    The food and drink price index rose 8.9 percent in April from a year earlier, the price of vegetables rose 23.8 percent, the state statistics office said.

    Sources told Reuters the high rate of inflation will likely lead the central bank to raise the interest rate to 6.0 percent this month.

    Reporting By Tarek Amara; Editing by Janet Lawrence

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