Tanzania’s headline Inflation Rate jumps marginally to 4.9 pct in January, 2023

Tanzania’s headline inflation rate increased to 4.9 percent from 4.8 per cent recorded in December, 2022, the National Bureau of Statistics (NBS) has said.

According to the national statistics body, the increase of the headline inflation explains that, speed of price change for commodities for January, 2023 increased compared to the speed recorded in December, 2022.

“The overall index went up from 105.59 recorded in January, 2022 to 110.81 in January, 2023,” NBS said.

The Food and Non-Alcoholic Beverages Inflation Rate for January, 2023 increased to 9.9 percent from 9.7 percent that was recorded in December, 2022.

The Annual Inflation Rate for all items without food and non-alcoholic beverages for January, 2023 slightly increased to3.0 percent from 2.9 percent that was recorded in December, 2022.

The National Consumer Price Index between December 2022 and January 2023 increased by 0.7 percent.

“The increase of the overall index is attributed to price increase for some food and on-food items,” the statistics body said.

Some food items that contributed to an increase of the index include: wheat grains by 2.5 percent, rice (2.9 percent), maize grains (5.0 percent), wheat flour (0.6 percent), sorghum flour (2.9 percent), maize flour (3.3 percent), fruits (0.6 percent), vegetables (3.3percent), round potatoes (6.2 percent), sweet potatoes (6.3 percent), fresh cassava (4.3 percent), cocoyam (0.9 percent), cooking bananas (2.7 percent), dried beans (5.5 percent), dried lentils (4.3 percent), cowpeas (6.7 percent) and dry cassava (7.0 percent).

Some Non-Food items that contributed to an increase of the index includes: garments for men (0.2 percent), garments for women (0.5 percent), garments for infants (0.5 percent), school uniforms (0.9 percent), footwear for women (0.8 percent), actual rentals paid by tenants (0.2percent), cooking gas (0.1 percent), kerosene (0.9 percent), firewood (0.5 percent), furniture (0.3 percent), household appliances (1.4 percent), diesel (1.6 percent), petrol (0.6 percent), passenger transport by road (1.7 percent), school fees (2.4 percent), accommodation services in hotels, lorges and guest houses (3.0 percent) and goods and services for personal care by 0.7 percent.