Tanzania Inflation Rate Eases to 5.1% in June
Consumer prices in Tanzania went up 5.1 percent in July of 2016, following a 5.5 percent increase in the previous month. It was the lowest figure since April, mostly due to slower rise in cost of food and transport.
Year-on-year, cost increased for food and non-alcoholic beverages (7.6 percent from 8.1 percent in June); transport (0.4 percent from 1.3 percent) and housing, water, electricity gas and other fuels (7.4 percent from 7.6 percent). Other upward pressure came from: clothing and footwear (4.2 percent from 4.6 percent); furnishing, housing equipment and routine maintenance (3.4 percent from 4.2 percent); restaurants and hotels (4.3 percent from 5.3 percent); alcoholic beverages and tobacco (5.5 percent from 4.9 percent); miscellaneous goods and services (4 percent from 3.7 percent); recreation and culture (3.3 percent from 5.3 percent) and education (2.8 percent from 2.7 percent). In contrast, cost of communication fell (-0.6 percent from -0.4 percent in June).
Annual core inflation rate was recorded at 3.2 percent, accelerating from 3 percent the previous month.
On a monthly basis, consumer prices barely increased. Cost slightly rose for transport (+0.2 percent from +0.4 percent in June) and housing and utilities (+0.1 percent from -1.1 percent), while prices of food and non-alcoholic beverages edged down (-0.1 percent from +1.1 percent).
8/9/2016 1:44:24 PM