Dar es Salaam — Tanzania's annual inflation dropped further to 3.0 per cent in November 2018 from 3.2 per cent recorded in October amid slowing price increase speed, according to the National Bureau of Statistics.
The decrease in inflation means that the change of prices of commodities for the year, which ended in November, 2018, has fallen significantly when compared to the year, which ended October, 2018.
Food and non-alcoholic beverages inflation decreased from 1.2 per cent to 0.4 per cent during the period under review.
According to the NBS, food and non-alcoholic beverages are dominant factors in measuring inflation in Tanzania.
They account for 38.5 per cent of the basket of goods upon which the inflation is measured.
The annual inflation rate for food consumed at home and away from home also decreased to 2.0 per cent in November from 2.5 per cent recorded in October.
However, the 12 month index change for non-food products increased to 5.3 per cent from 5.0 per cent.
The annual inflation rate, which excludes food and energy for the month of November, increased to 2.6 per cent from 2.3 per cent that was recorded in October.
The monthly Consumer Price Index also increased by 0.3 per cent compared to a decrease of 0.3 per cent recorded in October from September.
Some non-food items that contributed to such increase include (with their percentages in brackets); kerosene (0.2), charcoal (0.2), firewood (0.5), diesel (9.7) and petrol (1.5).
Read the original article on Citizen.
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.