Tanzania Annual Inflation Decrease to 3.2% in October 2018

TANZANIA INFLATION OCTOBER 2018

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

The overall index went up to 111.83 in October 2018 from 108.41 recorded in October 2017.

Food and Non-Food Inflation Rates
Food and Non-Alcoholic Beverages Inflation Rate for the Month of October 2018 has decreased to 1.2% from 2.0% recorded in September 2018.

Annual Inflation Rate for food consumed at home and away from home has also decreased to 2.5% in October 2018 from 3.1% recorded in September 2018.

However, the 12-month index change for non-food products in October 2018 has increased to 5.0% from 4.8% recorded in September 2018.

Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of October 2018 has slightly increased to 2.3% from 2.2% recorded in September 2018.

Monthly Headline Inflation Rate
The Consumer Price Index from September 2018 to October 2018 has decreased by 0.3% compared to an increase of 0.1% recorded in September 2018 from August 2018.

The overall index has decreased to 111.83 in October 2018 from 112.12 recorded in September 2018. The decrease of the overall index is mainly attributed to a price decrease of food items.

Some food items that contributed to such increase include; rice by 0.8 %, maize grains by 10.5%, maize flour by 3.0%, sorghum flour by 3.4%, cassava flour by 3.5%, fresh fish by 4.9%, dried sardines by 1.1%, dry peas by 5.4%, fresh cassava by 3.9%, dry cassava by 10.3%, cocoyam by 4.3% and cooking bananas by 4.5%.

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