Tanzania Annual Inflation Slightly Increase to 4.1% in February 2018

TANZANIA INFLATION FEBRUARY 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that Annual Headline Inflation Rate for the month of February 2018 has slightly increased to 4.1% from 4.0% recorded in January 2018.

The overall index went up to 111.33 in February 2018 from 106.97 recorded in February 2017 when the Annual Headline Inflation Rates was 5.5%.

Food and Non-Food Inflation Rates
Food and Non-Alcoholic Beverages Inflation Rate for the month of February 2018 has decreased to 5.4% from 6.3% recorded in January 2018.

The12 month index change for non-food products in February 2018 has increased to 3.3% from 2.8% recorded in January 2018.

Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of February 2018 has slightly increased to 1.7% from 1.4% recorded in January 2018.

Monthly Headline Inflation Rate
The Consumer Price Index from January 2018 to February 2018 has changed by 1.1%, compared to a change of 0.8% recorded from December 2017 to January 2018.

The overall index has increased to 111.33 in February 2018 from 110.13 recorded in January 2018. The increase of the overall index is attributed to the price increase for both food and non-food items.

Some food items that contributed to such an increase include; sweet Potatoes by 8.1%, cassava by 4.6%, vegetables by 3.8%, maize grains by 3.5%, peas by 3.5% and cooking bananas by 2.3%

On the other hand, non-food items that contributed to such an increase include; charcoal by 4.4%, petrol by 2.3%, diesel by 2.1% and garments for men by 1.5%.

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