Tanzania Inflation Rate at 3-Month Low

Annual inflation rate in Tanzania decreased to 6.5 percent year-on-year in January of 2016, from a 6.8 percent growth in the previous month. It was the lowest reading since October, as cost of food rose at a slower pace by 10.7 percent (11.1 percent in December). On a monthly basis, consumer prices increased 0.7 percent.

Compared to January 2015, cost of housing, water, electricity and gas increased 1.1 percent (-0.3 percent in December); transport went up by 1.3 percent (+1.0 percent in December). Additional upward pressure came from: clothing and footwear (+4.8 percent from 4.1 percent in December); furnishings and household equipment (+3.5 percent from +3 percent); restaurants and hotels (+3.6 percent from +3.9 percent); miscellaneous goods and services (+4.0 percent from +3.4 percent); and alcoholic beverages and tobacco (+10.7 percent). 

Annual core inflation rate was recorded at 2.4 percent, unchanged from the previous month.

On a monthly basis, consumer prices increased by 0.7 percent, accelerating from a 0.5 percent growth in the precedent month, as cost of food and non-alcoholic beverages rose 1.0 percent; housing went up by 1.6 percent while transport cost fell 0.3 percent.

Tanzania Inflation Rate at 3-Month Low

National Bureau of Statistics | Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/8/2016 1:46:41 PM