Tanzania Inflation Rate Edges Up to 6.3% in October

Consumer prices in Tanzania increased by 6.3 percent in October of 2015, following a 6.1 percent growth in the previous month and matching market expectations. Cost of food and accommodation grew at a faster pace, while transport prices fell slightly.

Compared to October 2014, prices of food and non-alcoholic beverages rose by 10.2 percent, after increasing by 9.6 percent in September. Also, cost of restaurants and hotels went up by 3.9 percent, accelerating from a 3.7 percent growth last month. Additional upward pressure came from: housing, water, electricity and gas (+1.3 percent); clothing and footwear (+4.5 percent); furnishings and household equipment (+2 percent); miscellaneous goods and services (+3 percent); and alcoholic beverages and tobacco (+1.2 percent). By contrast, transport prices fell slightly by 0.1 percent.

Annual core inflation rate was recorded at 2.1 percent, from 2.2 percent in September.

On a monthly basis, consumer prices increased by 0.1 percent, the same pace as in the precedent month, as increases in prices of food (+0.2 percent) and housing and utilities (+0.3 percent) were enough to offset a decline in cost of transportation (-1.2 percent) and furnishings and household equipment (-0.1 percent). 

Tanzania Inflation Rate Edges Up to 6.3% in October

Joana Ferreira | joana.ferreira@tradingeconomics.com
11/9/2015 10:53:26 AM