The inflation rate in Tunisia continued to decline in 2025 to stand at 5.3%, compared to 7% in 2024 and 9.3% in 2023, according to official data published by the National Institute of Statistics (INS). This development reflects a gradual slowdown in inflationary pressures, after a peak reached in 2023.
The trajectory of inflation shows a continued deceleration since 2023, a year marked by a surge in consumer prices under the combined effect of tensions on international markets, rising energy costs and disruptions in supply chains. In 2024, the decline to 7% had already signaled a first decline, confirmed in 2025 with a more marked decline.
Combined effects of public policies and the international context
This decline can be explained by several factors. On the one hand, the mitigation of external shocks, particularly on the prices of raw materials and international freight, has helped to reduce pressure on import costs. On the other hand, price control and commodity support measures, combined with restrictive monetary policy, have slowed price growth in the domestic market.
Relative relief for purchasing power
Although the slowdown in inflation constitutes a positive signal, it does not automatically translate into a rapid improvement in purchasing power. Price levels remain high relative to incomes, and the decline in the rate of increase does not compensate for the losses accumulated in previous years, particularly for households on fixed incomes.
The continuation of this dynamic will depend on several variables, notably the evolution of public finances, subsidy policy, the behavior of food and energy prices, as well as monetary policy choices.
