Tanzania Inflation Rate at 1-Year High of 3.5%

The annual inflation rate in Tanzania rose to 3.5 percent in May 2019 from 3.2 percent in the previous month. It was the highest inflation rate since May last year, as prices advanced faster mostly for food & non-alcoholic beverages and transport.

Year-on-year, prices were higher for food & non-alcoholic beverages (2.2 percent vs 0.9 percent in April) and transport (4.1 percent vs 3.4 percent), mainly attributable to the Ramadan holiday which began on May 5th this year. Additional upward presure came from clothing & footwear (3.7 percent vs 3.6 percent); furnishings (4.3 percent vs 4.2 percent); restaurants & hotels (4.9 percent, the same pace as in April); alcoholic beverages & tobacco (3.4 percent vs 3.2 percent) and recreation & culture (3.2 percent vs 0.6 percent).

Meanwhile, cost slowed for housing & utilities (8.8 percent vs 11.4 percent); miscellaneous goods & services (2.5 percent vs 2.7 percent) and health (2 percent vs 2.2 percent).

On a monthly basis, consumer prices went up 0.4 percent, slowing from a 0.5 percent rise in the previous month.

Annual core inflation, which excludes food and energy, eased to 3.5 percent from 3.6 percent in the preceding month.

Tanzania Inflation Rate at 1-Year High of 3.5%

Tanzania National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/10/2019 3:03:15 PM