Tanzania Inflation Rate Highest Since July 2013

Consumer prices in Tanzania rose by 6.8 percent year-on-year in December of 2015 following a 6.6 growth in November and hitting its highest level since July of 2013. While prices of food and transportation increased, cost of housing and utilities fell.

Compared to December 2014, prices of food and non-alcoholic beverages rose by 11.1 percent, following a 11.2 percent increase in the previous month. Also, cost of transport went up by 1 percent, after dropping 0.2 percent in November. Additional upward pressure came from: clothing and footwear (+4.1 percent); furnishings and household equipment (+3 percent); restaurants and hotels (+3.9 percent); miscellaneous goods and services (+3.4 percent); and alcoholic beverages and tobacco (+1.2 percent). By contrast, prices of housing, water, electricity and gas fell 0.3 percent.

Annual core inflation rate was recorded at 2.4 percent, up from 2.3 percent in November.

On a monthly basis, consumer prices increased by 0.5 percent, easing from a 0.8 percent growth in the precedent month, as cost of food and non-alcoholic beverages rose at a slower pace (+0.6 percent from +1.9 percent in November).

Tanzania Inflation Rate Highest Since July 2013

Joana Ferreira | joana.ferreira@tradingeconomics.com
1/8/2016 1:04:43 PM