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Tanzania Annual Inflation Fell to 3.1% in September 2020

October 21, 2020
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TANZANIA INFLATION SEPTEMBER 2020

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of September 2020 fell to 3.1% from 3.3% recorded in August 2020.

The overall index went up to 119.54 in September 2020 from 115.92 recorded in September 2019.

Food and Non-Alcoholic Beverages Inflation Rate for the month of September 2020 has decreased to 3.4% from 3.7% that was recorded in August 2020.

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The Annual Inflation Rate for food consumed at home and away from home for the month of September 2020 has also decreased to 4.5% from 4.8% recorded in August 2020.

The 12-month index change for non-food products in September 2020 has stagnated at 3.1% as it was recorded in August 2020.

Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of September 2020 has stagnated at 2.5% as it was recorded in August 2020.

Monthly Headline Inflation Rate
The National Consumer Price Index has decreased by 0.3% from August 2020 to September 2020 compared to a decrease of 0.5% that was recorded from July, 2020 to August 2020.

The overall index has decreased to 119.54 in September 2020 from 119.87 recorded in August 2020.

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The decrease in the overall index is mainly attributed to the price decrease for food items. Some food items that contributed to such decrease include rice by 1.6%, maize grains by 3.4%, maize flour by 1.4%, vegetables by 1.5%, peas by 4.3%, round potatoes by 3.3%, cassava by 1.4 and cooking bananas by 3.3%.

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