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Tanzania inflation stable: report
TUESDAY MAY 26 2020

Tanzanian currency.

Cost of living remained low in Tanzania in March despite the economic challenges brought on by the Covid-19 pandemic. PHOTO | FILE | NATION MEDIA GROUP

In Summary
  • The headline inflation rate of 3.4 per cent is below the country’s projected five per cent.


By DOROTHY NDALU
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Cost of living remained low in Tanzania in March despite the economic challenges brought on by the Covid-19 pandemic with the 12-month headline inflation easing to 3.4 per cent from 3.7 per cent in February.

The Bank of Tanzania monthly economic review for April released last week reviewed the impact of the pandemic on various sectors of the economy in March when the first cases were reported in the country.

"The impact was mild in February because most of the country’s trading partners had not imposed stringent containment and mitigation measures, plus import and export shipments are ordinarily prepared in advance," says the report, explaining that the impact became much more visible" in March and April.

The headline inflation rate of 3.4 per cent is below the country’s projected five per cent and the East African Community and Southern African Development Corporation convergence criteria of up to eight per cent and between three and seven per cent respectively, BoT said.

Exports performance dropped to $667.6 million compared with $802.3 million in February, associated with relatively modest service receipts from tourism-related activities.

Headline inflation is projected to remain below the medium-term target of five per cent in 2020.

Tanzania inflation stable: report
 
lazima tunufaike na madini yetu





Iyo pesa inaweza saidia sana katika kufanikisha budget ijayo pale inapopelea...Tupunguze kuazima pesa kwa mariba makubwa...imekuja yenyewe iyo,
Nampongeza Proff kabudi na jopo lake kwa kazi nzuri iliotukuka. ..

Namheshimu sana Mh Raisi kwa uzalendo wake na misimamo yake thabiti katika kukomboa mali zilizokua zinaliwa na wajanja!!
NB;Nazungumzia raisi wa Tanzania wa awamu ya Tano...isijesomeka kivingine!!
 
NilipitaNilipita jmos Apo. ..nashindwa kuelewa wanajenga bus terminal au wanatafuta kuzungumiwa na vyombo vya kimataifa. ..yani lengo lao Hasa ni nn...Ni too much yani...ikiisha mtastaajabu

Mkuu, Sijaelewa, Kazi nzuri au mbaya ?
 
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