Tunisia inflation slows to 5.1% in July, hitting four-month low

The deceleration aligns with a broader easing of price pressures across emerging markets, including recent declines in Ghana and the Philippines.

By Handelsavisen Newsroom · Automated 7 August 2026, 06:33 UTC · 1 min read

Tunisia’s annual headline inflation rate fell to 5.1% in July 2026, down from 5.3% in June, marking the lowest level in four months.

The data indicates a continued moderation in price growth for the North African economy, following a period of elevated pressures earlier in the year.

6%, reversing a three-month acceleration trend, while the Philippines saw consumer price growth decelerate to 6.

The slowdown in Tunisia mirrors a wider trend of cooling inflation across several emerging markets.

In July, Ghana’s annual inflation rate dropped to 4.6%, reversing a three-month acceleration trend, while the Philippines saw consumer price growth decelerate to 6.2% from 6.4% the previous month.

These concurrent declines suggest that easing supply-side pressures and stabilizing food prices are helping to anchor inflation expectations in the region.

For investors, the moderation in Tunisia’s inflation supports the case for monetary stability, reducing the immediate pressure on the central bank to tighten policy further.