The National Institute of Statistics (INS) announced today that the inflation rate stood at 4.8% in January 2026, down from 4.9% the previous month. According to the INS, the decline is mainly due to a slowdown in the pace of price increases for the food products group (5.9% in January 2026 compared with 6.1% in December 2025) and for the restaurants, cafés and hotels services group (5.5% in January 2026 compared with 6% in December 2025).
In January 2026, the consumer price index rose by 0.3% compared with December 2025. This increase was driven primarily by higher prices in the “Food” group and the “Clothing and footwear” group, both up by 0.4%.
Year-on-year, food product prices increased by 5.9%. This rise is mainly explained by higher prices for lamb meat (+16.1%), fresh fruit (+17.8%), fresh fish (+11.3%) and beef (+10.4%). By contrast, the prices of edible oils fell by 12%.
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