Tanzania Inflation Rate at 9-Month High in June

Consumer prices in Tanzania increased 6.1 percent year-on-year in June of 2015, from 5.3 percent in the previous month. It is the fifth consecutive rise, as food cost grew at a faster pace.

Compared to June 2014, food prices rose 10.1 percent, after increasing 8.5 percent in May, while housing, water, electricity and gas cost went up 1.0 percent, compared to a 1.8 percent growth last month. Additional upward pressures came from: clothing and footwear (+4.5 percent); furnishings and household equipment (+0.9 percent); restaurants and hotels (+4.3 percent); miscellaneous goods and services (+1.1 percent); alcoholic beverages and tobacco (+5.9 percent). In contrast, transport cost decreased 1.3 percent.

Annual core inflation rate was recorded at 2.2 percent.

On a monthly basis, the consumer price index increased by 0.2 percent, down from a 0.4 percent rise in May due to slower increases in food cost (+0.1 percent compared to +0.6 percent last month). Clothing and footwear prices grew 0.5 percent and furnishings and household equipment cost rose 0.2 percent. While restaurants and hotels, alcoholic and tobacco prices fell 0.1 percent.

Tanzania Inflation Rate at 9-Month High in June

National Bureau of Statistics | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/8/2015 11:49:49 AM