Tanzania’s inflation rate fell for the fourth consecutive month in April as energy and food-price increases slowed, the National Bureau of Statistics said.
Inflation in East Africa’s second-biggest economy eased to 18.7 percent in April from 19 percent a month earlier, the Dar es Salaam-based agency said in a statement handed to reporters today in the city. Prices rose 0.8 percent in the month.
Energy price-growth declined to 24.9 percent from 29.4 percent in the previous month, while the food inflation rate dropped to 24.7 percent from 24.9 percent, the agency said.
Tanzania may achieve inflation of less than 10 percent by the end of this year, after the rate peaked at 19.8 percent in December driven by increasing food and energy prices, according to the International Monetary Fund.
To contact the reporter on this story: David Malingha Doya in Dar es Salaam via Nairobi at email@example.com.
To contact the editor responsible for this story: Paul Richardson at firstname.lastname@example.org.