Tanzania inflation fell to 4.0 pct year-on-year in December

0
272

DAR ES SALAAM (Reuters) – Tanzania’s inflation rate fell to 4.0 percent year-on-year in December, down from 4.4 percent in November because of slower food price increases, the statistics office said on Monday.

The month-on-month inflation was 0.2 percent in December, compared with 0.5 percent in November.

“The speed of price change for commodities in the year ending December 2017 has decreased compared to the speed of price change recorded in the year ended in November 2017,” Ephraim Kwesigabo, director at state-run National Bureau of Statistics, said.

Food and non-alcoholic beverages inflation rate decreased to 6.2 percent in December from 7.4 percent in November.

Reporting by Fumbuka Ng’wanakilala; Editing by Maggie Fick

SHARE
Previous articleSeventy-one people perish in week of violence in Nigeria’s Benue state
Next articleTunisian annual inflation rises to 6.4 pct in December
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.