Tanzania August inflation rises to 6.6 pct | JamiiForums | The Home of Great Thinkers

Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Tanzania August inflation rises to 6.6 pct

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Smiles, Sep 15, 2010.

  1. Smiles

    Smiles JF-Expert Member

    Sep 15, 2010
    Joined: Aug 24, 2009
    Messages: 1,231
    Likes Received: 5
    Trophy Points: 135
    Tanzania August inflation rises to 6.6 pct
    Wed Sep 15, 2010

    DAR ES SALAAM, Sept 15 (Reuters) - Tanzania's year-on-year inflation rate TZCPIY=ECI rose to 6.6 percent in August from 6.3 percent in July thanks to higher food and energy prices, the National Bureau of Statistics (NBS) said on Wednesday.

    The NBS said food prices, which make up 55.9 percent of the consumer price basket, rose 0.8 percent in August from July while the overall consumer price index rose 0.7 percent from a month earlier.

    Year-on-year food prices were up by 6.3 percent compared with 5.6 percent in July. Energy and water prices jumped 16.5 percent over the 12 months.

    Non-food inflation however slowed to 7.1 percent in August from 7.4 percent a month earlier.

    Tanzanian inflation has generally eased since the beginning of the year. August's increase is the first since April. (Reporting by Fumbuka Ng'wanakilala; Editing by Richard Lough and Patrick Graham)

    Source: Reuters

    "Maisha bora haya......."