Tanzania Inflation Rate Down to 10-Month Low

Tanzanian annual inflation rate decelerated to 5.9 percent in September of 2014 from 6.6 percent in the previous month, as food prices slowed further.

Year-on-year, cost of food and non-alcoholic beverages rose 7.1 percent in October following an 8.5 percent increase in September. Transport cost increased 1.6 percent decreasing from 2 percent in the previous month, while prices of housing, water, electricity and gas recorded the highest increase of the month (10.8 percent compared with 10.7 percent in September).  

On a monthly basis, consumer prices fell 0.2 percent in October following a 0.4 percent increase in September, mainly due to a 0.4 percent drop in food and non-alcoholic beverages cost. Among food products, prices of cooking banana decreased the most (by 7.5 percent), followed by pastry-cook products (-2.4 percent), vegetables (- 2.2 percent), fish (-1.7 percent), sugar (-1.6 percent), potatoes (-1.5 percent) and maize flour (-0.1 percent).

Annual core inflation which excludes food and energy prices increased to 3.2 percent in October from 3.1 percent in September.

Tanzania Inflation Rate Down to 10-Month Low

National Bureau of Statistics | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/10/2014 1:41:53 PM