Wednesday 8 October 2014

Tanzania inflation eases on slowing food price rises


Tanzania's inflation rate edged down to 6.6 percent in the year to September, helped by slower rises in food prices.

The country's National Bureau of Statistics (NBS) said on Wednesday that the Year-on-year inflation stood at 6.7 percent in August.

As in other east African countries, food prices are a major driver of inflation in Tanzania.

Food and non alcoholic beverages inflation fell to 8.5 percent year-on-year in September from 8.8 percent in August.

The consumer price index rose 0.4 percent in the month of September, up from 0.1 percent in August.

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