‘National annual inflation ate for January  decreased’

09Feb 2019
Polycarp Machira
DODOMA
The Guardian
‘National annual inflation ate for January  decreased’

THE national annual inflation rate for January, 2019 had decreased to 3.0 from 3.3 per cent recorded in December, 2018, the National Bureau of Statistics (NBS) has said.

NBS’s monthly consumer price index for January released yesterday indicates that the speed of price change for commodities for the year ended January, 2019 had decreased compared to the speed of the price change recorded for the year ended December, 2018.

 

 

The overall index went up to 113.38 in January, 2019 from 110.13 recorded in January, 2018. Food and Non Alcoholic Beverages Inflation Rate for the month of January, 2019 has decreased to 0.7 per cent from 1.0 per cent recorded in December, 2018.

 

 Annual Inflation Rate for food consumed at home and away from home has also decreased to 2.3 per cent in January, 2019 from 2.6 per cent recorded in December, 2018.

 

Moreover, the 12 month index change for non-food products in January, 2019 has decreased to 5.1 from 5.4 per cent recorded in December, 2018.

 

NBS’s Population, Census and Social Statistics director, Ephraim Kwesigabo said the reduction is due to decrease in price of non-food items.

 

“The decrease of the headline inflation explains that, the speed of price change for commodities for the year ended January, 2019 has decreased compared to the speed of the price change recorded for the year ended December,” he said.

 

The Annual Inflation Rate which excludes food and energy for the month of January, 2019 had stagnated at 3.1 per cent as it was recorded in December, 2018.

 

The Consumer Price Index from December, 2018 to January, 2019 had increased by 0.5 per cent. The overall index had increased to 113.38 in January, 2019 from 112.76 recorded in December, 2018.

 

 The increase of the overall index is mainly attributed to price increase for both food and non-food items. Some food items that contributed to such an increase include rice by 2.8 per cent, white maize grains by 6.3 per cent and vegetables by 1.2 per cent.

 

Others include round potatoes by 4.5 per cent, sweet potatoes by 2.6 per cent, dry cassava by 2.4 per cent and cooking bananas 6.0 per cent.

 

Non-food items that contributed to such an increase include children’s school uniform by 5.0 per cent, private primary school fee by 2.2 per cent and private secondary school fee by 2.6 per cent.