Tanzania Inflation Rate Accelerates to 6.3% in October

In October of 2013, Tanzanian annual inflation rate increased to 6.3 percent, slightly up from 6.1 percent in the previous month. With the exception of December last year when the rate remained steady, inflation has been on a downward trend since December of 2011, as good harvest seasons led to a fall in food prices.

Cost of food and non-alcoholic beverages accelerated to an annual 6.9 percent in October, from 6.5 percent in September.

Transport prices accelerated to 9.3 percent in October, from 7.8 percent last month and cost of restaurants and hotels increased 0.7 percentage point to 2.9 percent. In contrast, the index for housing, water, electricity, gas and other fuels eased to 9 percent from 9.6 percent in September and health cost slowed slightly to 2.8 percent.

Annual inflation rate which excludes food and energy for the month of October slowed to 5.7 percent from 5.8 percent in September.

The monthly headline inflation rate accelerated to 0.6 percent in October, from 0.5 percent last month.

Tanzania Inflation Rate Accelerates to 6.3% in October

Joana Taborda | joana.taborda@tradingeconomics.com
11/8/2013 12:21:50 PM