The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate decreased to 5.2% in July 2017 from 5.4% recorded in June 2017.
After a peak of .4% in April and May 2017, the Annual Headline Inflation Rate has been falling month after month, mostly because of slower rise in food prices, the NBS explains.
The overall index went up to 108.85 in July 2017 from 103.50 recorded in July 2016.
Food and Non-Food Inflation Rates
Food and Non-Alcoholic Beverages Inflation Rate for July 2017 has decreased to 8.9% from 9.6% recorded in June 2017.
The Annual Inflation Rate for food consumed at home and away from home has decreased to 9.3% in July 2017 from 9.8% recorded in June 2017.
In addition, the 12-month index change for non-food products has stagnated at 3.1% in July 2017 as it was recorded in June 2017.
Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of July 2017 has increased to 2.2% from 1.9% recorded in June 2017.
Monthly Headline Inflation Rate
The Monthly Headline Inflation Rate for the month of July 2017 has decreased by 0.2% compared to a decrease of 0.1% recorded in June 2017. The overall index has decreased to 108.85 in
The overall index has decreased to 108.85 in July 2017 from 109.10 recorded in June 2017. The decrease of the overall index is mainly attributed to the price decrease of food items.
Some food items that contributed to such decrease include; rice by 1.2%, maize grains by 1.3%, maize flour by 3.9%, sorghum grain by 1.6%, sorghum flour by 2.4%, cassava flour by 6.1%, fresh fish by 2.3%, beans by 3.2%, cassava by 1.2% and vegetables by 0.4%.
On the other hand, some non-food items that contributed to such decrease include: cooking gas by 2.1% and firewood by 3.6%.
Purchasing Power
The purchasing power of 100 Tanzanian Shillings has reached TZS 91 and 87 cents in July 2017 compared to TZS 91 and 66 cents in June 2017.
