Inflation Tunisia 2023
Average inflation: 9.3%
Inflation in 2023
Inflation is very high at 9.3%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 10.4%. The lowest inflation was in December at 8.1%.
- Highest month
- February: 10.4%
- Lowest month
- December: 8.1%
- Difference
- 2.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 14.4%. The lowest price increase was in Energy with an average of 5.7%.
- Highest increase
- Food: 14.4%
- Lowest increase
- Energy: 5.7%
Historical Context
Inflation is 2.2 percentage points higher than the 5-year average of 7.1%. This approaches the highest level since records began (9.3% in 2023).
- 5-year average
- 7.1%
- 10-year average
- 6.1%
- All-time high (2023)
- 9.3%
- All-time low (2007)
- 3%
Trend
Over the period 2021-2023, inflation shows an upward trend. Compared to 2022, inflation has risen by 1.0 percentage points.
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- January: +3.6 percentage points
ECB Target
Inflation is 7.3 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for TND 100 this year will cost approximately TND 109.300 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 10.2% | +3.6 |
| February | 10.4% | +3.3 |
| March | 10.3% | +3.1 |
| April | 10.1% | +2.6 |
| May | 9.6% | +1.7 |
| June | 9.4% | +1.4 |
| July | 9.1% | +0.9 |
| August | 9.2% | +0.5 |
| September | 8.9% | -0.2 |
| October | 8.7% | -0.6 |
| November | 8.2% | -1.6 |
| December | 8.1% | -2.0 |
| Average | 9.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.