Tanzania Inflation Rate Down to 10.4% in February

In Tanzania, the annual inflation rate decreased to 10.4 percent in February of 2013, from 10.90 percent recorded in the previous month.

On the year-on-year basis, the headline inflation rate for the month of February of 2013 decreased to 10.4 percent from 10.9 percent recorded in January of 2013. The rate of price increase for commodities in February of 2013 has fallen, when compared to the speed recorded in January of 2013. Prices of food consumed at home and away from home have declined to 11.7 percent in February as compared to 12.1 percent in January. In addition, the 12 month index change for non food products has decreased to 8.4 percent in February from 9.3 percent recorded in January. However, food and non alcoholic beverages prices slightly increased to 12.0 percent in February from 11.9 percent recorded in January.

On the month-over-month basis, the headline inflation rate in February rose 1.4 percent when compared with 1.3 percent recorded last month. This is mainly due to an increase in the prices of both food and non-food items. Food items that contributed to such behavior include: rice by 6.2 percent, maize grains by 7.8 percent, maize flour by 7.8 percent, finger millet by 3.6 percent, beef by 1.5 percent, fried fish by 3.0 percent, fruits by 2.1 percent, vegetables by 1.2 percent, beans by 1.3 percent and sweet potatoes by 5.6 percent. Non-food items include garments for men by 1.1 percent, garments for women by 1.3 percent, charcoal by 7.4 percent, carpets and other floor coverings by 1.5 percent, salaries for domestic servants by 2.5 percent and accommodation services by 3.8 percent.
The annual inflation rate which excludes food and energy for the month of February has decreased to 6.7 percent from 7.9 percent recorded in January. Annual inflation rate for energy has increased to 18.3 percent in February compared to 17.4 percent recorded in January.

Tanzania National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
3/15/2013 10:18:38 AM