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

0
131

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here