Tanzanian Inflation Rate Down to 28-Month Low in June

In June of 2013, Tanzanian year-on-year inflation rate eased for the sixth month in a row to 7.6 percent, the lowest rate since February of 2011. All food and non-food prices decelerated in June, except for education which remained unchanged from May's figure.

The heavily-weighted food and non-alcoholic beverages index eased to 7.6 percent year-on-year, from 8 percent in the previous month. Annual inflation rate for food consumed at home and away from home has declined to 7.4 percent in June, from 7.7 percent in May.

In addition, the 12 month index change for non food products has decreased to 7.9 percent in June from 9.2 percent recorded in the previous month.

Prices for housing, water, electricity, gas and other fuel slowed to 15.4 percent from 19 in May; transport cost eased to 7.1 percent from 7.4 percent in the previous month and prices for clothing and footwear decelerated 5.2 percent, from 5.3 percent in May. 

Annual inflation rate which excludes food and energy for the month of June has decreased to 6.6 percent from 7.1 percent recorded in May.

Annual inflation rate for energy has declined to 14.8 percent in June, from 20.1 percent in May.

The monthly headline inflation rate for June slowed to 0.5 percent, from 0.6 percent in May, as both food and non food prices declined.

Tanzanian Inflation Rate Down to 28-Month Low in June

Joana Taborda | joana.taborda@tradingeconomics.com
7/8/2013 12:41:22 PM