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Tanzania inflation down to 11.3% in May from 12% in April

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Maxence Melo, Jun 17, 2009.

  1. Maxence Melo

    Maxence Melo JF Founder Staff Member

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    Jun 17, 2009
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    Lower fuel, power, water and transport prices pushed Tanzania's annual inflation down to 11.3 percent in May from 12 percent in April, the National Bureau of Statistics (NBS) said on Monday.

    Like neighbours Kenya and Uganda, Tanzania has witnessed double-digit inflation since 2008 on the back of higher commodity prices, but the government hopes the recent falling global prices will soon filter through to consumers.

    "Inflation is at 11.3 percent, driven lower by non-food items" Ephraim Kwesigabo, NBS director of population, census and social statistics told Reuters by phone.

    NBS said in a statement that excluding food, Tanzania's inflation rate in May eased to 1.3 percent from 2.9 percent in April.

    "Non food items that had decreased prices include kerosene, petrol, diesel, bus fares and public telephone calls," it said.

    The average annual inflation rate for 2008 came in at 10.3 percent, or 6.7 percent excluding food.

    The central bank said in late May it saw annual inflation at 11 percent by June, and down to 6 percent by 2010.

    Food inflation stood at 17.8 percent, unchanged from April.

    Food carries 55.9 percent weight in the east African economy's basket of goods used to measure inflation.

    In Kenya, the region's biggest economy, the headline rate was at 19.5 percent in May, while Uganda's stood at 12.4 percent.

    On a monthly basis, non-food inflation fell by 0.4 percent in May compared with April, while food prices dipped by 0.6 percent during the same period.

    Tanzania's monetary policy targets an inflation rate of 5 percent in the medium term.

    The International Monetary Fund said in late March it expects inflation to fall to 7 percent by end-year because of lower food prices.

    Bank of Tanzania said in its Monetary Policy Statement for 2009/10 that inflation remained above target, posing a threat to future growth and productivity of the economy.

    Tanzania's average annual inflation rate for 2008 came in at 10.3 percent, or 6.7 percent excluding food.


    Source: Reuters
     
  2. Nemesis

    Nemesis JF-Expert Member

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    Jun 17, 2009
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    well, mafuta yamepanda bei kwa 46% sasa inflation itaenda 13% +
     
  3. P

    Pascal Mayalla JF-Expert Member

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    Jun 17, 2009
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    Mambo ya sababu za flactuation ya inflation bado yanatuchanganya akina siye ambao economic imegoma, ni kweli mafuta yameshuka bei na baadhi ya vyombo vya usafiri vimeshusha cost ila hilo punguzo la halijareflect kwa end user kwa bei za mlaji kubaki zile zile kwa hoja za wafanya biashara kufidia hasara. Hizo bei za vyakula zinazodaiwa kushuka ni kwenye masoko ya wapi?. Mbona masokoni kwetu bei zinazidi kupaa?.

    Pia naomba nielimishwe how does utilities za power na water contribute to low inflation rate wakati gharama hazijapungua hata senti moja sanasana zinaongezeka?.
    ?.
     
  4. shiumiti

    shiumiti JF-Expert Member

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    Jun 17, 2009
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    Kama hiyo ni sababu, bei ya mafuta kuanzia jana hapa bongo imepanda. Ina maana inflation itapanda pia??????


    Kweli huu ni mkanganyiko mkubwa..
     
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