Inflation eased to 8.3% in November from 8.6% in October, the National Institute of Statistics (French: INS) Tuesday said in a note on the consumer price index for November. This downward trend, notwithstanding the monthly increase, is the result of the deceleration in the pace of price rises between November and October compared to the same period last year. The annual pace of price increases slowed down from 13.1% to 11.9% in the foodstuff products group and from 8.8% to 8.1% in the furniture, household and maintenance equipment group. //11.9% year-on-year rise in food prices// In November 2023, food prices grew 11.9% year-on-year, driven by price hikes of coffee poweder (35%), edible oils (29%), sheepmeat (28%), beef meat (17.1%) and fresh fruits (14.1%). Prices of manufactured products edged up 7.4% year-on-year, pushed by high prices of construction materials (+5.8%), clothing (+9.7%) and household maintenance products (+8%). A 6.3% year-on-year rise in the prices of services was fueled by higher prices of services of restaurants, coffee shops, hotels (+10.7%), public and private transport (+14.4%), financial services (+ 13.3%) and insurance services (+5.1%). Core inflation (excluding food products and energy) decelerated to 7.3% in November down from 7.4% in October. Prices of unregulated products rose 9.2% year-on-year, while those of regulated products edged up 5.2%. Prices of unregulated food products posted a 13.4% rise compared to 3.3% for food products with regulated prices. // Consumer prices grow 0.3% in November// In November 2023, consumer prices rose 0.3% after edging up 0.7% one month earlier. This is tightly linked to higher prices of food products (+0.4%) and services of restaurants, coffee shops and hotels (+0.7%). A 0.4% month-on-month price rise of food products was reported as a result of higher prices of edible oils (+3.8%), grain derivatives (+ 1.1%), fruits (0.9%) and fish (0.9%). Meanwhile, poultry prices fell 5.7% in November. //Prices of restaurant and hotel services t rend upward // In November, the prices of restaurant and hotel services increased 0.7% under the effect of the rise in the prices of services of restaurants and cafés (+1%). Meanwhile, prices of hotel services dropped 2,1%. Source: Agence Tunis Afrique Presse
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