The National Bureau of Statistics noted an increase in inflation from 3.6 percent to 3.8 percent and a rise in the price of food and non-alcoholic beverages.
Tanzania's inflation rate reached 3.8 percent in July - the highest level in 19 months. The last time inflation was recorded at 3.8% was in December 2019 while it remained at the same level recorded in November 2019. Since then, it has changed between 3.0 and 3.5 percent before rising to 3.6 percent in June 2021.
The National Bureau of Statistics (NBS) said yesterday that the sharp rise in prices in July was mainly due to higher prices for food and non-alcoholic beverages.
“The sharp rise in inflation means that the rate of change in commodity prices for the year ending in July 2021 has increased compared to the pace recorded for the year ending in June 2021.” The Acting Director of Population and Social Statistics, a. Ruth Minga.
The inflation rate for food and non-alcoholic beverages for July 2021 increased to 5.1% from 4.7% in June 2021.
The annual inflation rate for all items, except food and non-alcoholic beverages, rose to 3.3 percent in July, from 3.2 percent recorded in June.
The increase in the overall index is due to the increase in the prices of other non-food items.
Other non-food items that contributed to the increase include: kerosene (5 percent), coal (1.3 percent), diesel (5.1 percent), and gasoline, 5.4 percent.
On July 1, the government changed the price of oil even higher in an effort to charge a fuel tariff of Sh100 per liter of gasoline, diesel and kerosene to fund the Sh36.68 trillion government budget for the 2021/22 fiscal year.
In line with the rising global oil prices, the Energy and Water Utilities Regulatory Authority (Eora) has finally raised the July 2021 retail price for petrol, diesel and kerosene by shillings 156, 142 and 164 per liter respectively. Country. . , Dar AISalaam.
At the same time, a comparison of the region's inflation rates shows that neighboring Kenya and Uganda within the East African Community (EAC) also experienced a slight increase in the percentage change in prices.
Inflation rates in Kenya rose to 6.44% in July 2021, from 6.32% in June.
Uganda's inflation rate rose to 2.1 percent in July 2021 from 2 percent last month.
Viewers say this is due to a slight decrease in housing and services (-0.9% vs -1.5% in July) and an increase in the cost of food and non-alcoholic beverages (0.7% vs -1.6%).
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