Tanzania’s Annual Headline Inflation Rate slightly eased to 4.8% last month from 4.9% that was recorded in November, 2022 according to the latest National Bureau of Statistics (NBS) official figures.
The decrease of the headline inflation explains that, speed of price change for commodities for the year ended December, 2022 slightly decreased compared to the speed recorded for the year ended November, 2022.
“The overall index went up from 104.92 recorded in December, 2021 to 110.01 in December, 2022,” NBS said in a statement.
Food and Non-Alcoholic Beverages Inflation Rate for December, 2022 has increased to 9.7% from 9.5% that was recorded in November, 2022. On the other hand, Annual Inflation Rate for all items without food and non-alcoholic beverages for December, 2022 has slightly decreased to 2.9% from 3.1% that was recorded in November, 2022.
According to the statement, the National Consumer Price Index between November 2022 and December 2022 increased by 0.8 % attributed to price increase for some food and nonfood items.
Some food items that contributed to an increase of the index include: rice by 2.1%,maize grain by 3.2%, maize flour by 2.6%, traditionally bred live chicken by 0.8%, beef meat by0.4%, fresh fish by 1.4%, dried sardines by 3.9%, fruits by 1.9% and groundnuts by 2.2%.
Other items including vegetables, Irish potatoes , sweet potatoes, fresh cassava, cocoyams, cooking bananas, dried beans, dried lentils and dried peas increases by 5.3%, 3.3%, 3.4%, 7.6%, 0.8%, 3.1%, 7.3%, 0.9%, and 4.7% respectively.
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