Tanzania Inflation Rate at 5-Month High of 5%

Tanzania's annual inflation rate rose to 5 percent in December of 2016 from 4.8 percent in the previous month. It was the highest inflation rate since July mainly boosted by prices of food.

Compared with December of 2015, prices increased at a faster pace for food and non-alcoholic beverages (+7 percent from +6.2 percent in November). In contrast, inflation eased for housing and utilities (+9.9 percent from +10.9 percent); furnishing equipment and maintenance of the house (+4 percent from +4.3 percent) and clothing and footwear (+3.7 percent from +3.9 percent), restaurants and hotels (+4.2 percent from percent +4.4 percent) and alcoholic beverages and tobacco (+5.1 percent from +5.6 percent)

Annual core inflation, which excludes food and energy, edged down to 2.5 percent from 2.6 percent in November.

On a monthly basis, consumer prices rose 0.7 percent, following a 1.1 percent gain in November. Cost of food rose at a slower 1.6 percent (+2.2 percent in the previous month).

Tanzania Inflation Rate at 5-Month High of 5%

National Bureau of Statistics | Deborah Neves | deborah.neves@tradingeconomics.com
1/9/2017 1:15:23 PM