Tanzania Inflation Rate Rises To 5.5% In February


Consumer prices in Tanzania increased 5.5 percent year-on-year in February of 2017, following 5.2 percent rise in the previous month. It was the highest inflation rate since June of 2016 mainly boosted by rising prices for food.

Compared with February of 2016, prices went up faster for food and non-alcoholic beverages (8.7 percent from 7.6 percent in January). Additional upward pressure came from: housing and utilities (8.7 percent from 9.5 percent); alcoholic beverages and tobacco (5.2 percent from 5. Percent); restaurants and hotels (3.9 percent, the same as in January); furnishing equipment and maintenance of the house (3.8 percent from 3.3 percent) and clothing and footwear (3.2 percent from 3.4 percent).

Annual core inflation, which excludes food and energy, increased 2.2 percent compared to 2.3 percent in January of 2016. 

On a monthly basis, consumer prices advanced 1 percent, following a 0.8 percent gain in the previous month. Cost of food increased faster (2.3 percent from 1.6 percent), namely for rice (+4 percent), maize grains (+12.2 percent), maize flour (+10.1 percent), cooking banana (+9.5 percent) and beans (+6.7percent).

National Bureau of Statistics | Deborah Neves | deborah.neves@tradingeconomics.com
3/8/2017 12:00:33 PM