Tanzania Inflation Rate Down to 8.3% in May

In May of 2013, Tanzanian year-on-year headline inflation eased for the fifth month in a row to 8.3 percent, the lowest rate in two years, as food prices continued its downward trend.
Joana Taborda | joana.taborda@tradingeconomics.com 6/7/2013 12:33:35 PM
The heavily-weighted food and non-alcoholic beverages index eased to 8 percent year-on-year, from 10.2 percent in the previous month. Annual inflation rate for food consumed at home and away from home has declined to 7.7 percent in May, compared to 9.7 percent in April.

In addition, the 12 month index change for non food products has increased to 9.2 percent in May from 8.9 percent recorded in the previous month.

Prices for housing, water, electricity, gas and other fuel slowed to 19 percent from 19.9 in April.

Transport prices accelerated 7.5 percent from 4.2 percent in the previous month, and costs of alcoholic beverages and tobacco climbed 18 percent from 17.7 percent in April.

The annual inflation rate which excludes food and energy for the month of May has increased to 7.1 percent from 6.5 percent recorded in April 2013. 

Annual inflation rate for energy has decreased to 20.1 percent from 21.6 percent recorded in April.

The monthly headline inflation rate for the month of May has decreased by 0.6 percent, compared to 0.5 percent recorded in April, mainly due to a drop in food prices.

Tanzania Inflation Rate Down to 8.3% in May