According to the latest National Bureau of Statics released on 8th September 2022, Tanzania’s annual inflation for August has slightly increased to 4.6% in August from 4.5% in July.
The increase headline inflation explains that the speed of the price change for commodities for the year ended August 2022 has increased compared to the speed recorded fo the year ended July 2022. The overall index up from 103.80% recorded in August 2021 to 108.63% in August 2022.
Food and Non-Alcohol Beverages inflation rate for August 2022 has increased to 7.8% from 6.5% recorded in July 2022. On the other hand, the annual inflation rate for all items without food and non-alcoholic beverages for August, has decreased to 3.4% from 3.8% recorded in July, 2022.
The core index covers 297 items, and the share of weight to total National National Consumer Index is weight in 73.9%. The inflation rate for the Core Index in August 2022 has decreased to 3.2% from 3.5% recorded in July 2022.
The National Consumer Price Index between July and August 2022 has decreased from 109.05% recorded in July 2022 to 108.63% recorded in August 2022.