Tanzania’s Annual Headline Inflation Rate slightly fell to 4.7 percent during the month of March, 2023 as compared to 4.8 percent recorded during the preceding month of February, 2023 according to the latest figures from the National Bureau of Statistics (NBS).
“The decrease of the headline inflation explains that, the speed of price change for commodities for the year ended March, 2023 has slightly decreased compared to the speed that was recorded for the year ended February, 2023,” according to the NBS.
The overall index however went up from 107.09 recorded in March, 2022 to 112.13 in March, 2023.
Food and Non-Alcoholic Beverages Inflation Rate for March, 2023 slightly increased to 9.7 percent from 9.6 percent that was recorded in February, 2023.
On the other hand, the Annual Inflation Rate for all items without food and non-alcoholic beverages for March, 2023 slightly decreased to 2.7 percent from 2.8 percent that was recorded in February, 2023.
The National Consumer Price Index between February 2023 and March 2023 increased by 0.8 percent with the increase of the overall index being attributed to price increase for some food and non-food items.
Some food items that contributed to an increase of the index include; wheat by 1.6 percent, rice by 2.4 percent, sorghum grains by 4.9 percent, finger millet grains by 3.3 percent, maize grains by 2.8 percent, maize flour by 5.0 percent, bread by 2.9 percent, poultry by 3.4 percent, fresh fish by 2.9 percent, sardines by 3.4 percent, fruits by 3.7 percent, groundnuts by 2.4 percent, vegetables by 1.0 percent, fresh cassava by 5.5 percent, dry cassava by 7.4 percent and cassava flour by 5.2 percent.
On the other hand, some non-food items that contributed to an increase of the index include; footwear for women by 1.0 percent, charcoal by 4.5 percent and petrol by 4.1 percent.