Food Prices cause Drop in Inflation

Tanzania’s year-on-year inflation fell in December 2014 for the fourth straight month to 4.8 % from 5.8 % in November, after food prices eased, the statistics office in Dar es Salaam said this week.

Main reason and contributor to this positive development is that the food and non-alcoholic beverages index slid to 5.7 % during the month from 7.0 % in November, the statistics office said. The east African nation enjoyed a bumper crop of cereals like maize and rice last year after good rainfall in the growing regions of the south and north of the country.

Average inflation for the whole year therefore dropped to 6.1 % from 7.9 percent in 2013.

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