Tanzania inflation up by 0.6pct

10Aug 2019
Francis Kajubi
Dar es Salaam
The Guardian
Tanzania inflation up by 0.6pct

FOOD and non-alcoholic beverages inflation rate on monthly basis increased by 0.6 per cent in the period between June and July this year, the National Bureau of Statistics (NBS) has revealed.

Addressing the press yesterday in Dar es Salaam, Ruth Davison, Population Census and Social Statistics Acting Director said food and non-alcoholic beverages inflation increased to 2.9 per cent in July this year from 2.3 per cent in June this year.

“Annual inflation rate for food consumed at home and away from home for the month of July increased to 4.9 per cent from 4.3 per cent recorded in June this year. On the other hand, the twelve month index change for non-food products in July this year has increased to 4.2 per cent from 4.7 per cent recorded in June” said Davison.

According to her, annual inflation rate which excludes food and energy for the month of July has decreased to 3.1 per cent from 3.4 per cent recorded on June this year.

Speaking of Annual Headline inflation rate, she said that for the month of July the speed of price change for commodities remained the same as that recorded at the end of the preceding month. The overall index went up to 116.61 in July this year from 112.44 recorded in July last year.

“Annual Headline Inflation rates over the same period range between 3.3 per cent in July last year and 3.7 per cent recorded in July this year” she said.

Consumer price index from June to July 2019 decreased by 0.4 per cent compared to a decrease of 0.2 per cent recorded from May to June this year. The overall index has decreased to 116.61 in July from 117.03 in June.

“The decrease of the overall index is mainly attributed to the price decrease for food items. Some food items that contributed to such decrease include rice by 2.4 per cent, spaghetti by 1.1 per cent, sardines by 2.1 per cent, fruits by 3.4 per cent, Coconut by 4 per cent, Round potatoes by 2.3 per cent, Cassava by 6.5 per cent and Cooking bananas by 2.2 per cent,” said Davison.