Tanzania Annual Inflation Stagnate at 3.7% in July 2019

TANZANIA INFLATION JULY 2019

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate for July 2019 has stangnated at 3.7% as it was recorded in June 2019. 

The overall index went up to 116.61 in July 2019 from 112.44 recorded in July 2018.

Food and Non-Food Inflation Rates
Food and Non Alcoholic Beverages Inflation Rate for the month of July 2019 has increased to 2.9% from 2.3% recorded in June  2019.

Annual Inflation Rate for food consumed at home and away from home for the month of July 2019 has increased to 4.9% from 4.3% recorded in June 2019.

On the other hand, the 12 month index change for non-food products in July 2019 has decreased to 4.2% from 4.7% recorded in June 2019.

Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of July 2019 has decreased to 3.1% from 3.4% recorded in June 2019.

Monthly Headline Inflation Rate
The Consumer Price Index from June, 2019 to July 2019 has decreased by 0.4% compared to a decrease by 0.2% recorded from May 2019 to June 2019.

The overall index has decreased to 116.61 in July 2019 from 117.03 recorded in June 2019.

The decrease of the overall index is mainly attributed to the price decrease for food items.

Some food items that contributed to such decrease include; rice by 2.4%, spaghetti by 1.1%, sardines by 2.1%, fruits by 3.4%, coconut by 4.0%, round potatoes by 2.3%, cassava by 6.5%, and cooking bananas by 2.2%.

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