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

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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

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA). He currently lives in Manhattan New York

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