Will Tunisia’s 5.5% April inflation narrow room for rate cuts?

• Tunisia inflation hits its highest level in nearly a year
• Food and clothing costs complicate rate-cut expectations

TUNIS, TUNISIA – Tunisia’s inflation accelerated sharply in April, driven by rising food and clothing costs that are testing the country’s fragile economic stabilisation and narrowing the central bank’s room for policy easing.

Consumer prices rose 5.5% year on year in April, up from 5.0% in March, according to new data released by Tunisia’s National Institute of Statistics (INS). The increase marks the country’s highest inflation rate in almost a year and signals that the disinflation momentum that helped calm markets in 2025 may be beginning to stall.