inflation
inflation

Tanzania’s headline inflation rate for January 2020 decreased to 3.7 percent from 3.8 percent recorded in December 2019, the country’s state-run statistics watchdog said on Monday.

Ruth Minja, the acting Director of Population Census and Social Statistics for the National Bureau of Statistics (NBS), said the decrease was caused by slight fall in prices of food commodities and non food items.

Business24

Minja told a news conference in the capital Dodoma that food and non-food inflation rates for January 2020 slowed to 5.7 percent from 6.3 percent recorded in December 2019.

Annual inflation rate for food consumed at home and away from home for January 2020 also decreased to 6.4 percent from 6.9 percent recorded in December 2019, said Minja.

Tanzania’s annual headline inflation rate remained at 3.8 percent from November to December 2019. The stagnation of the inflation rate was attributed to unchanged prices of food commodities and non food items. Enditem

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