Tunisia’s central bank forecasts inflation will decline from 7% in 2024 to 5.3% in 2025-2026. Lower consumer prices for olive oil, a staple in Tunisia, are expected to help mitigate the effects of higher wages, lower agricultural and public sector production, and global commodity price fluctuations. The country’s current account deficit surged in early 2024, worsened by a 47.5% drop in olive oil prices, which is heavily exported.