Tanzania Inflation Rate Accelerates in January



In January of 2014, Tanzania’s annual inflation rate increased to 6 percent after falling in December to a 3-year low at 5.6 percent. The rise was mainly due to higher cost of electricity and natural gas and school fees for both private primary and secondary schools.

Year-on-year, food prices rose 6.6 percent, the same rate recorded in the previous month. Non-food cost accelerated to 6.7 percent in January, from 5.5 percent in the last month of 2013. The main upward pressures came from prices of housing, water, electricity and gas (up by 14.9 percent), transport cost (up 8.9 percent) and education prices (5.9 percent). 

On a monthly basis, the inflation accelerated to 1.8 percent, from 1.3 percent in December. Some food items that contributed to the rise include rice (+2.0 percent), maize grains (+2.8 percent), meat (+1.7 percent), fresh fish (+3.7 percent), fruits (+4.7 percent) and vegetables (+6.7 percent). Upward pressures from non food products and services include primary school uniforms (+5.1 percent), garments for women (+1.8 percent), rents paid by tenants (+0.3 percent), electricity bills for domestic consumption (+42.6 percent), natural gas (+10.2 percent), charcoal (+2.8 percent), sofa set (+2.2 percent), fees for private pre- primary and primary schools (+10.2 percent), fees for private secondary schools (+8.1 percent) and car insurance (+1.4 percent).

Tanzania Inflation Rate Accelerates in January


National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
2/11/2014 3:48:59 PM