Tanzania Inflation Rate Edges Down


Tanzanian annual consumer prices eased for the third consecutive month to 5.8 percent in November of 2014, from 5.9 percent recorded in October of 2014, mainly due to lower food prices. It is the lowest rate since December of 2013.

Year-on-year, prices of housing, water, electricity and gas recorded the highest increase (11.3 percent compared with 10.8 percent in October). Cost of food and non-alcoholic beverages rose 7 percent, following a 7.1 increase in the previous month. Clothing and footwear index advanced 2.8 percent, transports prices grew 1.6 percent, and cost of furnishing and house equipment accelerated 1.4 percent. 

On a monthly basis, consumer prices rose 0.6 percent after a 0.2 percent drop in October of 2014, driven by higher food prices (+1 percent). Among food items, sweet potatoes increase the most (+ 8 percent), followed by rice (+ 4.8 percent) and pastry-cook (3.8 percent). Cost of vegetables accelerated to 3 percent and prices of fish and fruit increased by 2.8 percent, each. 

Additional upward pressure came from cost of alcoholic and tobacco (+ 0.3 percent), clothing and footwear (+ 0.2 percent) and housing, water, electricity and gas (+ 0.2 percent). In contrast, downward pressure came from restaurants and hotels (-0.2 percent), transports (-0.2 percent) and furnishing and housing equipment ( -0.1 percent), 

Tanzania Inflation Rate Edges Down


National Bureau of Statistics | Carolina Cunha | carolina.cunha@tradingeconomics.com
12/8/2014 8:28:00 PM