Tanzania Inflation Rate at 10-Month High in July

Consumer prices in Tanzania increased 6.4 percent year-on-year in July of 2015, from 6.1 percent in the previous month. It is the sixth consecutive rise, as food cost grew at a faster pace.

Compared to July 2014, food prices rose 10.6 percent, after increasing 10.1 percent in June, while housing, water, electricity and gas cost went up 0.2 percent, compared to a 1.0 percent growth last month. Additional upward pressures came from: clothing and footwear (+4.5 percent); furnishings and household equipment (+1.6 percent); restaurants and hotels (+5.6 percent); miscellaneous goods and services (+1.6 percent); alcoholic beverages and tobacco (+3.94 percent). In contrast, transport cost decreased 0.5 percent.

Annual core inflation rate was recorded at 2.1 percent.

On a monthly basis, the consumer price index increased by 0.4 percent, up from a 0.2 percent rise in June due to faster increases in food cost (+0.3 percent compared to +0.1 percent last month). Clothing and footwear prices grew 0.5 percent, furnishings and household equipment cost rose 0.8 percent, restaurants and hotels 1 percent. While recreation and culture, communication fell 0.1 percent.

Tanzania Inflation Rate at 10-Month High in July

National Bureau of Statistics | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/10/2015 12:13:57 PM