Tanzania Annual Inflation Down to 4% in January 2022

TANZANIA INFLATION JANUARY 2022

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of January 2022 has decreased to 4.0% from 4.2% that was recorded in December 2021.

The overall index went up from 101.53 recorded in January 2021 to 105.59 in January 2022.

Food and Non-Alcoholic Beverages Inflation Rate for January 2022 has increased to 6.3% from 4.9% that was recorded in December 2021.

On the other hand, the Annual Inflation Rate for all items without Food and Non-Alcoholic Beverages for January 2022 has decreased to 3.1% from 3.9% that was recorded in December 2021.

The increase of food items whose weight is 28.2% has been counterbalanced with the decrease of non-food items whose weight is 71.8%.

Table 1: Changes in Tanzania National Consumer Price Indices (NCPI) for January 2022, (2020 = 100)

Tanzania Monthly Inflation Rate – January 2022

The National Consumer Price Index has increased from 104.92 recorded in December 2021 to 105.59 in January 2022.

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

Some food items that contributed to an increase of the index include rice by 2.9%, maize grains by 8.1%, wheat flour by 1.7%, maize flour by 3.7%, vegetables by 1.8%, round potatoes by 5.8%, sweet potatoes by 4.8%, cooking bananas by 4.6% and dried beans by 2.5%.

On the other hand, some Non-Food items that contributed to an increase of the index include school uniforms by 1.8%, liquefied hydrocarbons (gas) by 1.0%, furniture by 2.2%, and personal care by 1.3%

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