Tanzania Inflation Rate Edges Up in July

The annual consumer prices in Tanzania accelerated to 6.5 percent in July of 2014, from 6.4 percent recorded in June, as energy prices increased. Compared with a year earlier, the inflation rate slowed from 7.5 percent.

The only inflationary upward pressure in July of 2014 came from housing, water, electricity, gas and other fuels which increased 11.7 percent year-on-year, compared with 11.3 in the previous month. Food and non-alcoholic beverages inflation rate was stagnated at 8.1 percent in July of 2014, from June. 

In contrast, year-on-year prices decelerated in July of 2014 for alcoholic and tobacco (4.7 percent from 5.4 percent in June), clothing and footwear (2.8 percent from 2.9 percent), furnishing, housing equipment and routine maintenance (2.1 percent from 2.2 percent), health (3.9 percent from 4.2 percent), transport (2.4 percent from 2.7 percent), communications (1.1 percent from 1.6 percent), recreation and culture (0.6 percent from 0.8 percent), education (5.1 percent from 5.3 percent), restaurants and hotels (2.4 percent from 2.6 percent), miscellaneous goods and services (6.8 percent from 8.1 percent).

The annual inflation rate excluding food and energy eased to 3.2 percent in July of 2014, from 3.5 percent recorded in June.

On a monthly basis, consumer prices rose 0.1 percent in July of 2014, from a 0.6 percent decline registered in the previous month, mostly driven by higher prices of non-food items: beer (4.4 percent), cigarettes (2.1 percent), men trousers (3.4 percent), girls’ dresses (1.2 percent), dry cleaning services (2.3 percent), rents paid by tenants (2.5 percent), carpets and other floor coverings (2.3 percent) and charcoal (1.2 percent).

Tanzania Inflation Rate Edges Up in July

National Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
8/7/2014 5:24:47 PM