Tanzania Inflation Falls to 7.6% in June 2013

According to Tanzania’s National Bureau of Statistics (NBS), inflation rates in June 2013, dropped to 7.6% from 8.3 % in May 2013.

The reduction is due to slower rises in energy and food and consumer prices, which reached 14.8% and 7.4%, respectively, as compared to 20.1% and 7.7% one month earlier.

NBS reported that this is the lowest level of inflation in two years.

The International Monetary Fund (IMF) projected an inflation rate for Tanzania of 7.0% by the end of December 2013, while the national government goal is 5.0% before the end of the year.

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