The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for the month of October 2017 has decreased to 5.1% from 5.3% recorded in September 2017.
NBS explains that the decrease is due to the speed of price change for commodities in the year ending October 2017 that has decreased compared to the speed of price change recorded in September 2017.
The overall index went up to 108.41 in October 2017 from 103.17 recorded in October 2016.
Food and Non-Food Inflation Rates
Annual Inflation Rate for food consumed at home and away from home has decreased to 9.4% in October 2017 from 9.8% recorded in September 2017.
In addition, the 12-month index change for non-food products has slightly decreased to 3.0% in October 2017 from 3.1% recorded in September 2017.
Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of October 2017 has stagnated at 1.7% in October as it was recorded in September 2017.
Monthly Headline Inflation Rate
The Monthly Headline Inflation Rate for the month of October 2017 has decreased by 0.1% compared to an increase of 0.02% recorded in September 2017.
The overall index has decreased to 108.41 in October 2017 from 108.48 recorded in September 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 sorghum grain by 9.3%, round potatoes by 6.9%, sorghum flour by 5.5%, cooking bananas by 4.2%, cassava flour by 2.2%, vegetables by 1.7% and fresh fish by 1.4%.
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