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

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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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