Tanzania Inflation Rate Slows to 3.6% in August

The annual inflation rate in Tanzania decreased to 3.6 percent in August 2019 from 3.7 percent in the prior month, as prices rose at a slower pace mainly for housing & utilities and transport.

Year-on-year, prices slowed primarily for housing & utilities (6.3 percent vs 8.1 percent in July) and transport (2.7 percent vs 4.1 percent). Also, cost rose less for furnishings (3.7 percent vs 3.9 percent); communication (0.7 percent vs 1.1 percent); restaurants & hotels (4.6 percent vs 4.7 percent); alcoholic beverages & tobacco (2.1 percent vs 3.6 percent) and health (1.4 percent vs 2.2 percent). At the same time, inflation remained steady for miscellaneous goods & services (at 2.5 percent) and education (at 1.6 percent).

On the other hand, cost advanced at a faster pace for food & non-alcoholic beverages (3.7 percent vs 2.9 percent); clothing & footwear (2.9 percent vs 2.7 percent) and recreation & culture (1.8 percent vs 1.6 percent).

On a monthly basis, consumer prices decreased 0.5 percent, after falling 0.4 percent in the preceding month, attributable to both food and non-food items. Some food items that contributed to such a decrease were: sardines (-1.0 percent); fruits (-3.7 percent); vegetables (-2.9 percent); lentils (-4.1 percent); potatoes (-6.2 percent) and cooking bananas (-4 percent). On the other hand, non-food items that contributed to the decline included charcoal (-1.1 percent); diesel (-4.2 percent) and petrol (-6.1 percent).

Annual core inflation, which excludes food and energy, fell further to 2.9 percent in August from 3.1 percent in July, reaching its lowest since last November.

Tanzania Inflation Rate Slows to 3.6% in August

Tanzania National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/9/2019 1:12:54 PM