Tanzania Inflation Rate Slows Slightly in June

Tanzanian annual inflation rate decelerated slightly to 6.4 percent in June of 2014 from 6.5 percent in the previous month, due to lower food prices.

Year-on-year prices eased for food and non-alcoholic beverages (8.1 percent from 8.7 percent in the previous month); clothing and footwear (2.9 percent from 3.1 percent); furnishing, housing equipment and routine maintenance of the house (2.2 percent from 2.4 percent), and miscellaneous goods and services (8.1 percent from 8.3 percent). In contrast, prices increased for housing, water, electricity, gas and other fuel (11.3 percent in June from 8.3 percent), health (4.2 percent from 3.6 percent), transport (2.7 percent from 2.3 percent), communication (1.6 percent from 0.7 percent), recreation and culture (0.8 percent from 0.6 percent).

The annual inflation rate which excludes food and energy remained steady at 3.5 percent in June.  

On a monthly basis, consumer prices declined further by 0.6 percent in June of 2014, from a 0.4 percent fall in the previous month, mostly due to lower cost of food. In particular, prices dropped for rice (-3.0 percent), maize grains (-12.3 percent), maize flour (-3.5 percent), cassava fresh (-8.9 percent), sweet potatoes (-9.1 percent), dried sardines (-4.1 percent), citrus fruits (-14.4 percent), vegetables (-1.2 percent) and round onions (-2.5 percent). 

Tanzania Inflation Rate Slows Slightly in June

National Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
7/8/2014 2:36:15 PM