Tanzania inflation rises to 12.7% in Oct

[Invisible]

Nov 16, 2009

Tanzania's annual inflation rate rose to 12.7 percent in October from 12.1 percent the previous month, the National Bureau of Statistics (NBS) said in a report on Sunday.

It said annual food inflation had increased to 18.1 percent in October from 17.3 percent in September, while nonfood inflation stood at 4.4 percent from 4.0 percent. NBS said the monthly headline inflation rate for October rose 1.1 percent.

"The increase under consideration was highly attributed to the increase of food prices by 1.6 percent," it said.

"Food items that contributed to such price increase were cereals, cassava, potatoes, cooking bananas, fruits, fish, beans, cowpeas, groundnuts and coconut."

It said nonfood items that had also increased in price included tobacco as well as household operation and maintenance.

Like East African neighbours Uganda and Kenya, Tanzania has experienced double-digit inflation since last year due to higher commodity prices.

Tanzania's annual inflation rate crossed into double digits in September 2008 for the first time in nearly 10 years.

Source: Reuters

(Writing by Daniel Wallis; Editing by Maureen Bavdek)

 

[Mpogoro]

Simply put...we were better off during Mkapa's presidency!Kazi kweli kweli...

 

[Lingusenguse]

Hivi Muungwana kwanini hasirudi kwa ANABEN akaomba ushahuri? Hivi anaridhika na jahazi lake linavyo zama? Kwanini hasiwaite waliokuwa kwenye kikosi cha "mzee wa Uwazi na ukweli" wakamsaidia? Jaazi linazama na wanamtandao aliowachagua kusukuma nao gurudumu la nchi yetu they are not helping him at all.
Hivi sasa Tanzania maisha yamekuwa magumu, pesa hakuna na gharama za maisha zinapanda kila kukicha.

 

[nguvumali]

Hivi Muungwana kwanini hasirudi kwa ANABEN akaomba ushahuri? Hivi anaridhika na jahazi lake linavyo zama? Kwanini hasiwaite waliokuwa kwenye kikosi cha "mzee wa Uwazi na ukweli" wakamsaidia? Jaazi linazama na wanamtandao aliowachagua kusukuma nao gurudumu la nchi yetu they are not helping him at all.
Hivi sasa Tanzania maisha yamekuwa magumu, pesa hakuna na gharama za maisha zinapanda kila kukicha.

...."nyinyi waacheni maneno yenu, tuko busy kufanya siasa. mambo ya uchumi sikipaumbele chetu, sisi ni kuila nnchi basi....." !!!
sauti ya fisadi alietega mirija kati ya HAZINA na BOT.

 

[bnhai]

Hivi Muungwana kwanini hasirudi kwa ANABEN akaomba ushahuri? Hivi anaridhika na jahazi lake linavyo zama? Kwanini hasiwaite waliokuwa kwenye kikosi cha "mzee wa Uwazi na ukweli" wakamsaidia? Jaazi linazama na wanamtandao aliowachagua kusukuma nao gurudumu la nchi yetu they are not helping him at all.
Hivi sasa Tanzania maisha yamekuwa magumu, pesa hakuna na gharama za maisha zinapanda kila kukicha.

Comments hizi zinapendeza kwenye siasa. Inflation hii ni matokeo ya vitu vingi saana. Unafaham kunamtikisiko wa kiuchumi and we are not spared from that? Unafaham kuwa uchumi wa East Africa upo intergrated na Tanzania is Better at the moment in inflation wise?

Unafaham zile pesa zilizoachiwa wakati wa EPA pia ndiyo zimetufikisha kwenye inflation hii? Solution ya hii inflation ni kuwekeza kwenye kilimo chenye tija maana chakula peke yake kinacontribute 55% ya inflation basket.

 

[Invisible]

Wakati inflation imepanda zaidi, bado deni la taifa linazidi kupaa...!

Mungu atuepushe na balaa linalokuja mbele yetu.

 

[LazyDog]

Kenya records lower inflation in October



NAIROBI, Kenya Nov 3- Kenya's inflation rate came down to 6.6 percent for the month of October from 6.7 percent in September.


This came as the Kenya National Bureau of Statistics (KNBS) said it had shifted to using a geometric mean method of calculating inflation.

KNBS Director General Anthony Kilele said the switch from the traditional arithmetic mean would give a new basket of goods and services with which to calculate the Consumer Price Index (CPI). However, the new basket of consumer goods will be factored in the calculation of inflation rates from February 2010.

The country has been using the arithmetic means, which has been widely criticised, with many arguing it had an upward bias to the computed index.

For example, the basket of goods and services consumed by households has also remained unchanged over the years and has been viewed as being vulnerable to erratic price movements in the market.

There have also been changing expenditure patterns for people in different geographic locations. Central Bank Governor Prof Njuguna Ndungu said the new measure would give a reflective situation of the economy.

Prof Ndungu said many investors who had misinterpreted previous figures were worried of the volatility in the market.

Countries such as Uganda and Tanzania have already adopted the new method, which has presented their inflation rates as being lower than that of Kenya.

International Monetary Fund Senior Country Representative, Scott Rogers said the move would put Kenya on level ground with other countries.

Mr Rogers said it would give a substantial improvement in the accuracy and measurement of inflation. He was however quick to add that it would not change the rate of inflation.

"It does not mean inflation is lower than what was being measured before," he said arguing that the government would have to deal effectively to the changing price of commodities.

The implementation of the new formula will be in line with the International Labour Organisation CPI manual of 2004.

New items such as fresh milk; arrowroots and pork will now be included in the new basket bringing the number of commodities to 234 products from the initial 216.

During the period under review, fuel and power index increased by 0.95 percent from 134.27 points to 135.55 points. The increase was attributed to an increase in the cost of electricity, paraffin and charcoal.

Food and non-alcoholic drinks index went up 0.55 percent from 157.29 points in September to 158.15 points in October. This was attributed to rise in the price of English potatoes, beans, cabbages, beef with bones and sugar among other food items.

There was a considerable drop in the price of sifted maize flour (3.45 percent), tomatoes (3.49 percent) and onions (6.04 percent).

 

[klorokwini]

Wakati inflation imepanda zaidi, bado deni la taifa linazidi kupaa...!

Mungu atuepushe na balaa linalokuja mbele yetu.

samtaimu balaa linazaa raha. hili balaa limenifunza kujitegemea. nimejiapisha rasmi kuwa rais wa tumbo langu,katiba yangu inahimiza jitihada za kazi, kushindwa kazi kutapelekea kung'atuka (kifo).kutegemea mabadiliko bongo ni sawa na kutegemea maji ya bahari yakauke.