( 3 minutes read)
· The Annual Headline Inflation Rate of Tanzania for the month
of March 2020 slowed down to 3.4% from 3.7% in February 2020
· The National Consumer Monthly Price Index from February 2020
to March 2020, however, has increased by 1.1% similar to the increase
that was recorded from January 2020 to February 2020
The Annual Headline Inflation Rate of Tanzania for the month of March
2020 slowed down to 3.4% from 3.7% in February 2020, according to the
National Bureau of Statistics of Tanzania (NBS). The inflation index
has gone up from 116.23 in March 2019 to 120.20 in March 2020.
Food and Non-Alcoholic Beverages Inflation Rate for the month of March
2020 has decelerated to 5.3% from 5.9% recorded in February 2020.
Annual Inflation Rate for food consumed at home and away from home for
the month of March 2020 has also decreased to 5.9% from 6.6% February
2020.
The 12-month index change for non-food products in March 2020 has
decreased to 2.2% from 2.4% recorded in February 2020. The Annual
Inflation Rate which excludes food and energy for the month of March
2020 has decreased to 2.1% from 2.2% recorded in February 2020.
The National Consumer Monthly Price Index from February 2020 to March
2020, however, has increased by 1.1% similar to the increase that was
recorded from January 2020 to February 2020. The overall index has
increased to 120.20 in March 2020 from 118.92 recorded in February
2020. Major reason for the inflation was rise in prices of food and
non-food items, such as cassava flour (1.4%), sardines( 3.9%), cooking
oil (1.7%) and vegetables (5.1%).
Non-food items that have shown uptrend include: charcoal (6.1%),
furniture (1.3%), bicycles (2.4%) and maintenance and repair of
personal transport equipment( 2.2%).
