Tanzania’s inflation edges further to 4.9 pct in October 2022

Tanzania’s Headline Inflation Rate increased to 4.9 per cent last month from 4.8 per cent recorded in September, 2022 the statistics body said.

According to the National Consumer Index released by the National Bureau of Standards (NBS), the increase of headline inflation explains that, the speed of price change for commodities for the year ended October, 2022 has increased compared to the speed recorded for the year ended September, 2022.

The statistics body noted that the overall index went up from 103.61 recorded in October, 2021 to 108.73 in October, 2022.

Food and Non-Alcoholic Beverages Inflation Rate for October, 2022 increased to 9.1 per cent from 8.3 per cent recorded in September, 2022.

“On the other hand, Annual Inflation Rate for all items without Food and Non-Alcoholic Beverages for October, 2022 has decreased to 3.3% from 3.5% recorded in September, 2022,” the statement added.

The National Consumer Price Index for October, 2022 is 108.73 as it was recorded in September,

2022.

“Stagnation of index is a result of increase or decrease of prices for some food items and non-food items between the two periods,” NBS said.

Some of the food and non-food items that have shown an increase in prices include: rice by 4.3 per cent, finger millet grains by 0.6 per cent, maize grains by 2.0 per cent, maize flour by 3.2 per cent, poultry by 0.7 per cent, fresh fish by 0.4 per cent, fresh sardines by 8.9 per cent, dried sardines by 1.0 per cent, fruits by 0.7 per cent, dried beans by 3.9 per cent, soya by 5.1 per cent and dried lentils by 0.9 per cent.

“This increase has been counterbalanced by the decrease of prices for some food and non-food items. Some of food items and non-food items that have shown a decrease in prices include: wheat grains by 0.6 per cent, cooking oil by 0.9 per cent, groundnuts by 0.6 per cent and vegetables by 1.1 per cent,” the statement said.