Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Tunisians protest against poverty, high prices and food shortages

Published 26/09/2022, 00:31
Updated 26/09/2022, 00:35

TUNIS (Reuters) -Hundreds of Tunisians protested on Sunday night in the capital against poverty, high prices and the shortage of some foodstuff, escalating pressure on the government of President Kais Saied, as the country suffers an economic and political crisis.

Tunisia is struggling to revive its public finances as discontent grows over inflation running at nearly 9% and a shortage of many food items in stores because the country cannot afford to pay for some imports.

The North African nation is also in the midst of a severe political crisis since Saied seized control of the executive power last year and dissolved parliament in a move his opponents called a coup.

In the poor Douar Hicher district in the capital, some protesters lifted loaves of bread in the air. Other chanted, "Where is Kais Saied?". Angry youths burned tires.

In the Mornag suburb, young men blocked roads, protesting the suicide of a young man who his family says hanged himself, after municipal police harassed him and seized a weighing machine when he was selling fruit in the street without permission.

Riot police fired tear gas to disperse the protesters in Mornag. Protesters raised slogans against the police and threw stones.

In Douar Hicher, protesters chanted "Jobs, freedom and national dignity," and "We can't support crazy price hikes", "Where is sugar?".

Food shortages are worsening in Tunisia with empty shelves in supermarkets and bakeries, adding to popular discontent at high prices of many Tunisians who spend hours searching for sugar, milk, butter, cooking oil and rice.

Videos on social media showed on Sunday dozens of customers scrambling to win a kilogram of sugar in market.

Tunisia, which is suffering its worst financial crisis, is seeking to secure an International Monetary Fund loan to save public finances from collapse.

The government raised this month the price of cooking gas cylinders by 14% for the first time in 12 years. It also raised fuel prices for the fourth time this year as part of a plan to reduce energy subsidies, a policy change sought by the IMF.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.