Tanzania’s inflation eases again to 4 pct in May, 2023

Tanzania’s annual Headline Inflation Rate fell to 4.0 percent in May from 4.3 percent recorded for the month of April, 2023 according to the National Bureau of Statistics (NBS).

The decrease of the headline inflation explains that, the speed of price change for commodities for May, 2023 dropped compared to the speed that was recorded for the April, 2023.

“The overall index went up from 108.42 recorded in May, 2022 to 112.72 in May, 2023,” the statistics body said.

Food and Non-Alcoholic Beverages Inflation Rate for May, 2023 decreased to 8.5 percent from 9.1 percent that was recorded in April, 2023.

The Annual Inflation Rate for all items without food and non-alcoholic beverages for May, 2023 also decreased to 2.1 percent from 2.3 percent that was recorded in April, 2023.

The National Consumer Price Index between April 2023 and May 2023 increased by 0.2 percent.

The increase of the overall index is attributed to price increase for some food and nonfood items.

Some food items that contributed to an increase of the index include; wheat flour by 0.2 percent, maize flour by 1.3 percent, pasta products by 1.0 percent, meat of poultry by 1.4 percent, dried sardines by 2.3 percent, dried fish by 0.5 percent, vegetable oils by 0.3 percent, Irish potatoes by 2.2 percent, dried lentils by 0.4 percent, dried peas by 1.1 percent, cassava flour by 7.7 percent and mineral waters by 0.3 percent.

On the other hand, some non-food items that contributed to an increase of the index include; domestic manufactured spirits by 1.8 percent, garments for men by 0.2 percent, garments for women by 0.4 percent, garments for infants by 0.2percent, footwear for men by 0.6 percent, actual rentals paid by tenants by 0.6 percent, firewood by 0.6 percent, wood charcoal by 2.2 percent, furnishings, household equipment and routine household maintenance by 0.2 percent, petrol by 2.1 percent, passenger transport by taxi by 0.4percent, passenger transport by air by 0.4 percent, food provided by full-service restaurants by 2.8percent, accommodation services in hotels and guest houses by 0.2 percent and hand bags by 0.9 percent.