Tanzania Inflation Rate Rises Further in April

Tanzanian annual inflation rate accelerated for the second consecutive month to 6.3 percent in April of 2014, from 6.1 percent in the previous month, driven by higher prices of food and energy.

Year-on-year, prices accelerated for food and non-alcoholic beverages (7.8 percent from 7.2 percent in March of 2014), housing, water, electricity, gas and other fuel (9.2 percent from 9.0 percent), furnishing, housing equipment and maintenance (2.5 percent from 1.8 percent), health (3.6 percent from 2.1 percent), communication (0.7 percent from 0.5 percent), restaurants and hotels (2.2 percent from 1.7 percent).

In contrast, prices slowed for alcoholic beverages and tobacco (6.8 percent from 7.1 percent), clothing and footwear (3.2 percent from 3.3 percent), transport (5.3 percent from 8.7 percent), recreation and culture (0.8 percent from 1.3 percent).

On a monthly basis, the inflation rate increased slightly to 0.7 percent in April of 2014, from 0.6 percent in the previous month. Among food products, the highest upward pressures came from rice (3.5 percent), maize grains (2.5 percent), cassava flour (4.8 percent), traditionally bred live chicken (1.3 percent), dried sardines (6.0 percent), dried fish (7.8 percent), fruits (1.4 percent), groundnuts (2.6 percent) and cassava fresh (4.9 percent). Additionally, higher costs were registered for charcoal (4.3 percent), medical services (3.0 percent), diesel (4.4 percent), and grinding (6.6 percent).

Tanzania Inflation Rate Rises Further in April

NBS | Isabel Felino | isabel.felino@tradingeconomics.com
5/8/2014 4:30:24 PM