Tanzania Annual Inflation Decrease to 3.3% in July 2018

TANZANIA INFLATION JULY 2018

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for July 2018 has decreased to 3.2% from 3.4% recorded in June 2018.

The overall index went up to 112.44 in July 2018 from 108.85 recorded in July 2017.

Food and Non-Food Inflation Rates
Food and Non-Alcoholic Beverages Inflation Rate for the month of July 2018 has decreased to 2.8% from 3.4% recorded in June 2018.

The 12-month index change for non-food products in July 2018 has increased to 4.2% from 4.0% recorded in June 2018.

Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of July 2018 has stagnated at 1.6% as it was recorded in June 2018.

Monthly Headline Inflation Rate
The Consumer Price Index from June 2018 to July 2018 has changed by negative 0.3% compared to a negative change of 0.4% recorded in June 2018 from May 2018.

The negative change of the index for the month of July 2018 is mainly caused by low prices for some food items due to a higher supply of food items as compared to the demand.

The overall index has decreased to 112.44 in July 2018 from 112.81 recorded in June 2018.

The decrease of the overall index is mainly attributed to a price decrease of food items. Some food items that contributed to such decrease include; rice by -2.6%, maize flour by -2.0%, fruits by -3.5%, vegetables by -4.1%, fresh cassava by -5.6%, and cooking bananas by -2.9%.

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