Tanzania Inflation Rate Slows to 7.5% in July
In July of 2013, Tanzanian year-on-year inflation rate eased for the seventh consecutive month to 7.5 percent, from 7.6 percent recorded in June, mainly due to lower energy cost.
The heavily-weighted food and non-alcoholic beverages index increased to 8 percent year-on-year, from 7.6 percent in the previous month. Annual inflation rate for food consumed at home and away from home went up to 8.6 percent in July, from 7.4 percent in June.
In addition, the 12 month index change for non food products has decreased to 7.3 percent in July from 7.9 percent recorded in the previous month.
Year-on-year, prices for housing, water, electricity, gas and other fuel slowed to 14.4 percent from 15.4 in June; cost of alcohol and tobacco decellerated to 12 percent from 15 percent in June and health cost eased to 2.7 percent from 2.9 percent in the previous month. While prices for clothing and footwear remained unchanged at 5.2 percent, transport cost increased to 7.5 percent from 7.1 percent in June.
Annual inflation rate which excludes food and energy for the month of July has increased to 6.7 percent from 6.6 percent recorded in June.
Annual inflation rate for energy has declined to 12.9 percent in July, from 14.8 percent in June.
The monthly headline inflation rate for July remained unchanged.
8/15/2013 5:37:15 PM