what matters for the Tunisian is monthly inflation and their purchasing power!

University economics professor Ridha Chkoundali has criticized economic experts who say the decline in inflation is a great achievement.

“ Year-on-year inflation is meaningless and only suitable for formulating macroeconomic policies. For the Tunisian citizen, what matters is what he spends daily on food and other products, and whose inflation is double or triple the general inflation average, and what he really feels in the face of price inflation. Also, what the Tunisian citizen monitors is the comparison of prices with the previous month and not with the same month of last year. However, monthly inflation increased to 0.9% in April compared to 0.7% in March, which means that prices continue to evolve insanely to levels that Tunisian citizens cannot afford. can no longer follow “, he explained in a Facebook post dated May 8, 2024.

Mr. Chkoundali indicated that “ this drop in inflation can convince international financial institutions, notably the International Monetary Fund (IMF), of the effectiveness of the monetary policy that it dictated to the government with which it concluded the agreement under the expanded mechanism credit in 2016, but it does not convince Tunisians who see their purchasing power deteriorating day by day “.

And to hammer out: “ If we want to please the International Monetary Fund, let’s continue with the same rhetoric and consider what is happening an achievement. If we want to please Tunisians, we must change the discourse towards indicators of economic growth, improvement of purchasing power and creation of subsistence resources “.

IN