Tanzania’s Inflation Falls Due To Low Increase In Food Prices

Tanzania’s inflation rate fell to 4.0% year-on-year in December, down from 4.4% in November because of slower food price increases, the statistics office said on Monday.

The month-on-month inflation was 0.2% in December, compared with 0.5% in November.

“The speed of price change for commodities in the year ending December 2017 has decreased compared to the speed of price change recorded in the year ended in November 2017,” Ephraim Kwesigabo, director at state-run National Bureau of Statistics, said.

Food and non-alcoholic beverages inflation rate decreased to 6.2% in December from 7.4% in November.

source: tradingeconomics.com