Bloomberg News

Tanzania Inflation Rate Jumps to 16.8% in September on Food

October 17, 2011

(Updates with comments from statistics agency in third paragraph.)

Oct. 17 (Bloomberg) -- Tanzania’s inflation rate rose for an eleventh month to 16.8 percent in September as food and energy costs climbed, the country’s statistics office said.

Inflation accelerated from 14.1 percent a month earlier, the National Bureau of Statistics said in a statement handed to reporters today in Dar es Salaam, the commercial capital. Prices rose 2.4 percent in the month, it said.

Food prices climbed 21.3 percent in September from a year earlier compared with 17.4 percent in August and energy costs advanced 33.1 percent, the agency said.

Inflation in East Africa’s second-biggest economy may slow to 9 percent by June as a decline in international oil prices reduces imported fuel costs, Joseph Masawe, director of economic research and policy at the Bank of Tanzania, said in an interview on Oct. 7.

--Editors: Gordon Bell, Ben Holland

To contact the reporter on this story: David Malingha Doya in Dar es Salaam at dmalingha@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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