All
 

 

Just in:  

You are here: Home»World»Business & Economy»Tanzania October inflation falls to 12.9pc

tanzania-flagDAR ES SALAAM: Tanzania's annual inflation rate fell for the 10th straight month in October thanks to a slower rise in food prices, the state-run statistics body said on Thursday.

 

Year-on-year inflation fell to 12.9 percent from 13.5 percent in September, the National Bureau of Statistics (NBS) said. Annual increases in food and non-alcoholic drink prices eased to 14.9 percent from 15.6 percent in September.

 

The monthly consumer price index edged up 0.3 percent in October, compared to 1.1 percent in September, the statistics office said.

 

Analysts have said the inflation rate is expected to keep falling in coming months due to easing food price rises, but was unlikely to fall to single-digits before next year.

 

The central bank has said it excepts headline inflation to reach 10 percent by the year's end and fall into single digits by the end of the financial year in mid-2013.

 

"The decrease of the annual headline inflation rate for the month of October 2012 explains that the speed of price increases for commodities ... has further decreased compared to the speed recorded in September 2012," the National Bureau of Statistics said in a statement.

 

The annual inflation rate for energy decreased to 18.4 percent this month from 19.4 percent a month earlier.

 

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln