Tanzania Inflation Rate Slows To 3-Month Low of 6.1%

Consumer prices in Tanzania rose 6.1 percent year-on-year in May of 2017, easing from a 6.4 percent increase in the previous month. It was the lowest inflation rate since February, mainly due to a slowdown in cost of food, transport and utilities. On a monthly basis, consumer prices went up 0.2 percent compared to a 0.5 percent rise in April.
National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com 6/8/2017 11:44:56 AM
Year-on-year, prices went up at a slower pace for food and non-alcoholic beverages (11.6 percent vs 11.8 percent in April); transport (1.3 percent vs 1.9 percent), housing and utilities (4.6 percent vs 5.8 percent); clothing and footwear (3.7 percent vs 3.9 percent); alcoholic beverages and tobacco (3 percent vs 3.5 percent); miscellaneous goods and services (4 percent vs 4.3 percent) and recreation and culture (1.2 percent vs 1.3 percent). Also, cost of communication dropped further (-0.8 percent vs -0.5 percent).In contrast, prices rose faster for furnishings (3.2 percent vs 3.1 percent), restaurants and hotels (0.9 percent vs 0.8 percent) and health (2.9 percent vs 2.5 percent).

Annual core inflation, which excludes food and energy increased 2.2 percent from 2.3 percent.

On a monthly basis, consumer prices went up 0.2 percent, compared to a 0.5 percent rise in April, partly derived from a 0.3 percent increase in cost of food and non-alcoholic beverages, of which maize flour (4.2 percent), green beans husked (2.9 percent), soya beans (2.2 percent), sorghum flour (1.5 percent), potatoes (2 percent), cassava (2.3 percent) and cocoyam (5.7 percent). Additional upward pressure came from clothing and footwear (0.4 percent) and housing, utilities and other fuel (0.7 percent), namely charcoal (0.6 percent). 

Tanzania Inflation Rate Slows To 3-Month Low of 6.1%




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