Tanzania Inflation Rate at 6-Month High in May

Consumer prices in Tanzania increased 5.3 percent year-on-year in May of 2015, from 4.5 percent in the previous month. It is the fourth consecutive rise, as food and utilities cost grew at a faster pace.

Compared to May 2014, food prices rose 8.5 percent, after increasing 7.1 percent in April, while housing, water, electricity and gas cost went up 1.8 percent, compared to a 0.6 percent growth last month. Additional upward pressures came from: clothing and footwear (+3.9 percent); furnishings and household equipment (+0.7 percent); restaurants and hotels (+4.6 percent); miscellaneous goods and services (+1.2 percent); and alcoholic beverages and tobacco (+5.0 percent). In contrast, transport cost decreased 1.8 percent.

Annual core inflation rate was recorded at 2.1 percent.

On a monthly basis, the consumer price index increased by 0.4 percent, down from a 0.8 percent rise in April due to slower increases in food cost (+0.6 percent compared to +1.6 percent last month). Clothing and footwear prices grew 0.1 percent and furnishings and household equipment cost rose 0.4 percent. While restaurants and hotels; and communication prices fell 0.2 percent and 0.1 percent respectively.

Tanzania Inflation Rate at 6-Month High in May

National Bureau of Statistics | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/8/2015 2:35:29 PM