Tanzania’s inflation rises to 4.6 pct in August

Tanzania’s Annual Headline Inflation Rate for the month of August 2022 has slightly increased to 4.6 per cent from 4.5 per cent recorded in July 2022, the statistics office said yesterday.

The National Bureau of Statistics (NBS) in a statement seen by The Business Wiz said food and non-alcoholic beverages Inflation rate for August 2022 also increased to 7.8 per cent from 6.5 per cent recorded in July 2022.

Annual inflation rate for all items without food and non-alcoholic beverages for August 2022 however decreased to 3.4 per cent from 3.8 per cent recorded in July 2022

According to the statistics body, the National Consumer Price Index between July and August 2022 decreased from 109.05 recorded in July 2022 to 108.63 recorded in August 2022.

“The decrease of the overall index is attributed to price decrease for some food items that include rice, finger Millet poultry, meat, fresh fish, sunflower oil, fruits, vegetables, potatoes and fresh Cassava among others,” the statistics body said