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Tanzania inflation rate at 1-year high of 3.5%

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Christian Fernsby |
African economies   Tanzania

The annual inflation rate in Tanzania rose to 3.5 percent in May 2019 from 3.2 percent in the previous month.

It was the highest inflation rate since May last year, as prices advanced faster mostly for food and non-alcoholic beverages and transport.

Year-on-year, prices were higher for food and non-alcoholic beverages (2.2 percent vs 0.9 percent in April) and transport (4.1 percent vs 3.4 percent), mainly attributable to the Ramadan holiday which began on May 5th this year.

Additional upward presure came from clothing and footwear (3.7 percent vs 3.6 percent); furnishings (4.3 percent vs 4.2 percent); restaurants and hotels (4.9 percent, the same pace as in April); alcoholic beverages and tobacco (3.4 percent vs 3.2 percent) and recreation and culture (3.2 percent vs 0.6 percent).

Meanwhile, cost slowed for housing and utilities (8.8 percent vs 11.4 percent); miscellaneous goods and services (2.5 percent vs 2.7 percent) and health (2 percent vs 2.2 percent).

On a monthly basis, consumer prices went up 0.4 percent, slowing from a 0.5 percent rise in the previous month.

Annual core inflation, which excludes food and energy, eased to 3.5 percent from 3.6 percent in the preceding month.

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