Tanzania Inflation Rate Falls to Fresh Low in July

The annual inflation rate in Tanzania fell to 3.3 percent in July of 2018 from 3.4 percent in the previous month. It was the lowest inflation rate since series began in 1999, mainly due to prices of food and non-alcoholic beverages and miscellaneous goods and services.

Year-on-year, cost eased for food & non-alcoholic beverages (2.8 percent compared to 3.4 percent in June); miscellaneous goods & services (1.2 percent compared to 1.4 percent); education (2.5 percent compared to 2.6 percent) and recreation & culture (0.4 percent compared to 0.5 percent). Additionally, prices of communication dropped faster (-2.7 percent compared to -2.6 percent). 

On the other hand, cost increased further for transport (2.5 percent compared to 1.7 percent); housing & utilities (12.3 percent compared to 12.0 percent); clothing & footwear (2.4 percent compared to 2.2 percent); furnishings & household equipment (2.6 percent compared to 2.4 percent); restaurants & hotels (0.8 percent compared to 0.7 percent) and alcoholic beverages & tobacco (0.8 percent compared to 0.3 percent).

On a monthly basis, consumer prices declined 0.3 percent, after falling 0.4 percent in June. Main downward pressure came from food and non-alcoholic beverages (-1.3 percent); health (-0.5 percent) and communication (-0.1 percent).

Annual core inflation, which excludes food and energy, stood at 1.6 percent, the same as in June.

Tanzania Inflation Rate Falls to Fresh Low in July

National Bureau of Statistics | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/9/2018 11:37:08 AM