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Tanzania Annual Inflation Stagnate at 3.2% in June 2020

July 14, 2020
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TANZANIA INFLATION JUNE 2020

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of June 2020 stagnated at 3.2% as it was recorded in May 2020.

The overall index went up to 120.74 in June 2020 from 117.23 recorded in June 2019.

Food and Non-Food Inflation Rates
Food and Non-Alcoholic Beverages Inflation Rate for the month of June 2020 has decreased to 3.8% from 4.4% recorded in May 2020.

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Annual Inflation Rate for food consumed at home and away from home for the month of June 2020 has decreased to 4.7% from 5.2% recorded in May 2020.

On the other hand, the 12-month index change for non-food products in June 2020 has increased to 3.0% from 2.4% recorded in May,2020.

Inflation Rate Excluding Food and Energy
The Annual Inflation Rate which excludes food and energy for the month of June 2020 has increased to 2.6% from 2.2% that was recorded in May 2020.

Monthly Headline Inflation Rate
The National Consumer Price Index has decreased by 0.2% from May 2020 to June 2020 compared to an increase of 0.2% that was recorded from April 2020 to May 2020.

The overall index has decreased to 120.74 in June 2020 from 120.93 recorded in May 2020.

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

Some of the food items that contributed to such a decrease include – rice by 1.4%, maize grains by 5.1%, maize flour by 2.1%, sorghum flour by 3.1% and sweet potatoes by 3.5%.

On the other hand, non-food items that contributed to such a decrease include: – refrigerators by 2.2%, diesel by 15.4% and petrol by 16.0%.

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