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Tanzania Annual Inflation Slightly Increase to 4.8% in November 2016

December 9, 2016
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Tanzania Inflation November-2016

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate slightly increased to 4.8% in November 2016, from 4.5% in October 2016.

Food and Non-Alcoholic Beverages Inflation Rate recorded in November 2016 increased to 6.2% from 6.0% recorded in October 2016.

The Annual Inflation Rate for food consumed at home and away from home increased to 6.4% in November 2016 from 6.0% recorded in October 2016.

In addition, the 12-month index change for non-food products increased to 3.8% in November 2016 from 2.9% in October 2016.

The Annual Inflation Rate, excluding food and energy, increased to 2.6% in November 2016, compared to 2.4% in October 2016.

The purchasing power of 100 Tanzanian Shillings reached TZS95 and 98 cents in November 2016 compared to TZS95 and 86 cents in October 2016.

After a peak of 6.8% in December 2015, inflation in Tanzania has been steadily decreasing, reaching 5.1% in April 2016, slightly increasing to 5.5% in June, and again, falling to 5.1% in July, 4.9% in August, and 4.5% in September and October 2016.

Tanzania’s inflation rate is projected to remain stable at 5% throughout H1 2017 and to remain constant in the medium term.

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