Tanzania Inflation Rate Up to 12-Month High in August

Tanzanian annual inflation rate increased to 6.7 percent in August of 2014 from 6.5 percent in the previous month, driven by higher food prices.

Cost of food and non-alcoholic beverages rose 8.8 percent in August following an 8.1 percent increase in July. Prices of housing, water, electricity and gas recorded the highest increase (10.3 percent), but slowed from an 11.1 percent rise in July.  

On a monthly basis, consumer prices rose 0.1 percent in August, the same rate recorded in July, driven by a rise of non-food prices: beer by 2.5 percent, primary school uniform by 1.5 percent, charcoal by 1.1 percent, dining table by 2.4 percent, carpets by 2.0 percent, household textiles by 1.5 percent, petrol by 1.6 percent and accommodation services by 1.4 percent.

Annual core inflation which excludes food and energy for the month of August 2014 has slightly decreased to 3.1 percent from 3.2 percent recorded in July. 

Tanzania Inflation Rate Up to 12-Month High in August

National Bureau of Statistics | Joana Taborda | joana.taborda@tradingeconomics.com
9/8/2014 3:13:58 PM