Tanzania Inflation Rate Accelerates in May


Tanzanian annual inflation rate accelerated to 6.5 percent in May of 2014, from 6.3 percent in the previous month, driven by higher prices of food. It is the highest rate since September last year.

In May of 2014, prices accelerated for food and non-alcoholic beverages (8.5 percent yoy from 7.8 percent in April), restaurants and hotels (2.4 percent from 2.2 percent), miscellaneous goods and services (8.0 percent from 7.7 percent).  

Core CPI excluding food and energy slowed to an annual 3.5 percent in May of 2014 from 4.3 percent in April of 2014.

On a monthly basis, the inflation rate fell 0.4 percent in May, from a 0.7 percent increase in the previous month. Prices decreased for food and non-alcoholic beverages (-0.7 percent from 0.5 percent in April), housing, water, electricity, gas and other fuel (-1.1 percent from 1.7 percent) and communication (-0.1 percent from 0.0 percent). Some food items that contributed to the fall include maize grains (-4.9 percent), cassava flour (-2.9 percent), dried sardines (-3.5 percent), dried fish (-6.2 percent), citrus fruits (-5.6 percent), coconut (-2.8 percent) and vegetables (-2.3 percent).

Tanzania Inflation Rate Accelerates in May


National Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
6/9/2014 3:19:01 PM