Tanzania Inflation Rate Lowest Since 2015

Consumer prices in Tanzania rose 4.4 percent year-on-year in November of 2017, easing from a 5.1 percent increase in October. It was the lowest inflation rate since March of 2015, mainly due to a slower rise in prices of food, namely meat, fish, vegetables, Irish potatoes and cassava.

Year-on-year, prices advanced less for food and non-alcoholic beverages (7.4 percent vs 8.8 percent in October), namely meat, fish, vegetables, Irish potatoes and cassava. Also, cost slowed for: transport (0.1 percent vs 0.2 percent); clothing and footwear (3.1 percent vs 3.4 percent); furniture and household equipment (1.8 percent vs 2.8 percent); miscellaneous goods and services (2.6 percent vs 3 percent); restaurants and hotels (0.3 percent vs 0.6 percent); recreation and culture (1.6 percent vs 1.9 percent) and alcoholic beverages and tobacco (2.5 percent vs 2.6 percent). In addition, prices fell more for communication (-1 percent vs -0.9 percent).

On the other hand, cost was higher for housing and utilities (7.8 percent vs 7.6 percent); 

Annual core inflation, which excludes food and energy, went up 1.4 percent from 1.7 percent in October. 

On a monthly basis, consumer prices increased 0.5 percent, following a 0.1 percent drop in the previous month. Prices of food went up 0.8 percent, after decreasing 0.3 percent in October, namely due to increases in rice (0.9 percent); sorghum grain (2.5 percent), sorghum flour (6.9 percent), fresh fish (3.2 percent), dried sardines (4.2 percent), vegetables (1.5 percent), round potatoes (5.7 percent), cassava fresh (2.7 percent), sweet potatoes (2.8 percent), dry cassava (4.2 percent). Meantime, also non-food items contributed to the rise, including kerosene (4.6 percent), diesel (2.0 percent) and petrol (2.8 percent).

Tanzania Inflation Rate Lowest Since 2015

National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/8/2017 6:02:37 PM