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

Tunisian employees work at an underwear factory in Sfax, 260 km (162 miles) south of Tunis, file. REUTERS/Zoubeir Souissi

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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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).


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