Tanzania inflation eases to 4.9 per cent in July

Imeandikwa na -


By Mnaku Mbani
 
Tanzania annual headline inflation rate for the month of August, 2016 has further decreased to 4.9% from 5.1% recorded in July, the August Consumer Price Index released today by the National Bureau of Statistics has shown. 
 
The decrease of annual headline inflation Rate for the year ending August, 2016 explains that, the speed of price increase for commodities in the year ending August, 2016 has decreased as compared to the speed of price increase recorded for the year ended July, 2016. 
 
The overall index went up to 103.28 in August, 2016 from 98.49 recorded in August, 2015. 
 
Food and Non Alcoholic Beverages Inflation Rate for the Month of August 2016 has decreased to 7.0% from 7.6% recorded in July, 2016.

Food and non food inflation rates 
 
Annual inflation rate for food consumed at home and away from home has decreased to 7.0% in August, 2016 from 7.8% recorded in July, 2016.

In addition, the 12 month index change for non food products has decreased to 3.0% in August, 2016 from 3.2% recorded in July, 2016.

Inflation rate excluding food and energy
The annual inflation rate which excludes food and energy for the month of August, 2016 has stagnated at 2.6% as it was recorded in July, 2016. 3

The NCPI used to compute this type of Inflation Rate excludes food consumed at home and restaurants, non alcoholic beverages, petrol, diesel, gas, kerosene, charcoal, firewood and electricity.

NBS report shows that the Monthly Headline Inflation Rate for the month of August, 2016 has decreased by 0.2% compared to an increase of 0.03% which was recorded in July, 2016.

The overall index has decreased to 103.28 in August, 2016 from 103.50 recorded in July, 2016.The decrease of the overall index is mainly attributed to price decrease of food items.

Some food items that contributed to such decrease include; cereals by 0.6%, cassava flour by 2.1%, sardines by 3.0% and vegetables by 2.6%.

The Purchasing Power of the consumer's Tanzanian Shilling measures the change in the value of consumer goods and services that a Tanzanian Shilling could buy at different periods.

That is, if the overall level of Consumer Price Index (CPI) goes up, the Purchasing Power of a Tanzanian Shilling goes down.
The purchasing power of 100 Tanzanian Shillings has reached TZS 96 and 83 cents in August, 2016 from December, 2015.
end

Maoni

Chapisha Maoni

Machapisho maarufu kutoka blogu hii

Tanzania intra-SADC trade decline by 15 pc

Imeandikwa na -
Picha
Zambian President Edgar Lungu with Magufuli By Mnaku Mbani Tanzania’s intra-SADC trade declined by 15.5 percent to USD 1,697.3 million in 2015 from the amount recorded in preceding year. The Bank of Tanzania Economic Operations and annual report for the year ended in June 2015 published mid this month this development was attributed to a decrease in both exports and imports.
Endelea kusoma

DSE all share index down

Imeandikwa na -
By Mnaku Mbani The Dar es Salaam Stock Exchange (DSE) All Shares Index (DSEI) closed at 2,273.06 yesterday, down by 18.60 per cent when compared with Wednesday. The fall of the DSEI, which calculate the performance of all locally listed and cross listed companies was a result of fall of some share prices including East African Breweries Limited which dropped by 3.39 per cent, KCB Limited by 3.70 per cent and NMG price which fell by 2.14 per cent.
Endelea kusoma

The beauty queen from Tanzania who is building a furniture empire

Imeandikwa na -
Picha
Jacquiline Ntuyabaliwe MFONOBONG NSEHE , Forbes Magazine : Weaving in and out of Dar es Salaam’s grating midday traffic in her chauffeured white Mercedes S550, Jacqueline Ntuyabaliwe, a svelte 38-year-old beauty, is transfixed by an image of a dining set on her phone. With a slim, elegant finger, she prods her cellphone screen to show me the picture she’s looking at. “This is one of our pieces,” she says, pointing to the picture of a 5-piece dining set. It’s one of the items produced by Molocaho by Amorette , the furniture-manufacturing firm she recently founded. “This set was handcrafted from timber which was reclaimed from old cargo boats from the Indian Ocean along Tanzania’s coastline,” says the entrepreneur earnestly.
Endelea kusoma