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Tanzania Annual Inflation Slow Down to 3.6% in August 2019

September 19, 2019
2 minute read
TANZANIA INFLATION AUGUST 2019

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for August 2019 has decreased to 3.6% from 3.7% recorded in July 2019.

The overall index went up to 116.01 in August 2019 from 112.01 recorded in August 2018, which is equivalent to an increase of 3.6%. However, the speed of price change in August 2019 is lower than that recorded in July 2019.

Food and Non-Food Inflation Rates
Food and Non Alcoholic Beverages Inflation Rate for the month of August 2019 has increased to 3.7% from 2.9% recorded in July,2019.

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Annual Inflation Rate for food consumed at home and away from home for the month of August 2019 has slightly increased to 5.0% from 4.9% recorded in July 2019.

On the other hand, the 12 month index change for non-food products in August 2019 has decreased to 3.5% from 4.2% recorded in July 2019.

Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of August 2019 has slightly decreased to 2.9% from 3.1% recorded in July 2019.

Monthly Headline Inflation Rate
The Consumer Price Index from July, 2019 to August 2019 has decreased by 0.5% compared to a decrease by 0.4% recorded from June 2019 to July 2019.

The overall index has decreased to 116.01 in August 2019 from 116.61 recorded in July 2019.

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The decrease of the overall index is attributed to the price decrease for food and non-food items.

Some food items that contributed to such a decrease include: sardines by 1.0%; fruits by 3.7%; vegetables by 2.9%; Lentils by 4.1%; potatoes by 6.2% and cooking bananas by 4.0%.

On the other hand, non-food items that contributed to the decrease include; charcoal by 1.1%; diesel by 4.2% and petrol by 6.1%.

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