Tanzania Annual Inflation Stagnate at 6.4% in April 2017

tanzania annual inflation april 2017

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate stagnated at 6.4% in April 2017, as it was recorded in March 2017.

The NBS explains that the speed of price increase for commodities in the year ending April 2017 has remained the same as the speed of price increase recorded for the year ended March 2017.

The overall index went up to 109.04 in April 2017 from 102.46 recorded in April 2016. Food and Non-Alcoholic Beverages Inflation Rate for April 2017 has increased to 11.8% from 11.0% in March 2017.

Food and Non Food Inflation Rates
Annual Inflation Rate for food consumed at home and away from home has increased to 12.0% in April 2017 from 11.7% in March 2017.

In addition, the 12-month index change for non-food products has slightly decreased to 3.4% in April 2017 from 3.6% recorded in March 2017.

Inflation Rate excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of April 2017 has slightly increased to 2.3% from 2.2% recorded in March 2017.

Monthly Headline Inflation Rate
The Monthly Headline Inflation Rate for the month of April 2017 has increased by 0.5% compared to an increase of 1.4% recorded in March 2017.

The overall index has increased to 109.04 in April 2017 from 108.44 recorded in March 2017.

The increase of the overall index is mainly attributed to the price increase of some food items, such an increase includes maize grains by 4.8%, maize flour by 7.1%, lentils by 6.5%, round potatoes by 4.0%, tomatoes by 7.8%, coconut by 6.9%, cassava by 5.9% and onions by 3.5%.

RELATED:  Tanzania Annual Inflation Decrease to 6.1% in May 2017

Purchasing Power
The purchasing power of 100 Tanzanian Shillings has reached TZS 91 and 71 cents in April 2017 compared to TZS 92 and 21 cents in March 2017.