Geza Ulole
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Tanzania inflation slows in March
DAR ES SALAAM, April 9 (Reuters) - Tanzania's inflation slowed in March due to slower rises in some food prices, the statistics office said on Monday.
The National Bureau of Statistics said inflation fell to 3.9 percent year-on-year in March from 4.1 percent a month earlier.
"Some of the food items that contributed to the decline of the annual headline inflation rate include cassava flour, beans and plantains," Ephraim Kwesigabo, a director at the state-run bureau, told journalists in Tanzania's commercial capital Dar es Salaam.
Food has the largest weight in the basket of goods and services used to calculate Tanzania's inflation.
The government said its mid-term target is to contain the inflation rate at 5.0 percent during 2018/19.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ,
Tanzania inflation slows in March
Tomato, onion prices rise to record highs
MONDAY APRIL 2 2018
The two crucial items have denied Kenyan families greater cost of living reduction benefit. FILE PHOTO | NMG
In Summary
By NEVILLE OTUKI
More by this Author
Tomatoes and onions have defied a general drop in prices of food items over the past year to hit record highs, handing producers a boon while squeezing households’ budgets
Official data shows that onions have recorded the fastest price growth among basic household items in the past 12 months even as others dropped.
A kilo is up 42 per cent over the last year to cost an average of Sh167 in March from Sh118 in a similar month of 2017.
In the period, tomatoes surged 11 per cent to Sh101 a kilo, making the two items the only foodstuff to record price increases year-on-year, according to Kenya National Bureau of Statistics (KNBS).
Other items recorded drops, including cabbages, whose cost fell the steepest by 46 per cent to retail at Sh41 a kilo while Irish potatoes dropped 37 per cent to Sh61 over the past one year.
Kale (Sukuma Wiki) prices eased three per cent to Sh56 a kilo while the cost of carrots reduced by a quarter to Sh58 per kilo.
READ: Inflation falls against power, food prices
Farmers were last year hit by a prolonged drought that cut supplies and triggered a price rally among foodstuff, hurting households.
This year the rains started pretty early, helping to boost yields and supply and ultimately cool down prices, except for tomatoes and onions.
Due to price drops of more food items than increases, the KNBS said, year-on-year food inflation eased to 2.19 per cent in March from 3.83 per cent.
This lowered last month’s headline inflation to 4.18 per cent from 4.46 per cent in February since food price is crucial to measuring the rate.
Food takes up the largest share (36 per cent) of the basket of goods that is used to calculate inflation, making it the main driver of the cost of living.
At 4.18 per cent, the March inflation is within the Central Bank of Kenya (CBK) preferred range of between 2.5 per cent and 7.5 per cent.
Tomato, onion prices rise to record highs
DAR ES SALAAM, April 9 (Reuters) - Tanzania's inflation slowed in March due to slower rises in some food prices, the statistics office said on Monday.
The National Bureau of Statistics said inflation fell to 3.9 percent year-on-year in March from 4.1 percent a month earlier.
"Some of the food items that contributed to the decline of the annual headline inflation rate include cassava flour, beans and plantains," Ephraim Kwesigabo, a director at the state-run bureau, told journalists in Tanzania's commercial capital Dar es Salaam.
Food has the largest weight in the basket of goods and services used to calculate Tanzania's inflation.
The government said its mid-term target is to contain the inflation rate at 5.0 percent during 2018/19.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ,
Tanzania inflation slows in March
Tomato, onion prices rise to record highs
MONDAY APRIL 2 2018
The two crucial items have denied Kenyan families greater cost of living reduction benefit. FILE PHOTO | NMG
In Summary
- Onions have recorded the fastest price growth among basic household items in the past 12 months even as others dropped.
- A kilo is up 42 per cent over the last year to cost an average of Sh167 in March from Sh118 in a similar month of 2017.
- In the period, tomatoes surged 11 per cent to Sh101 a kilo, making the two items the only foodstuff to record price increases year-on-year, according to Kenya National Bureau of Statistics (KNBS).
By NEVILLE OTUKI
More by this Author
Tomatoes and onions have defied a general drop in prices of food items over the past year to hit record highs, handing producers a boon while squeezing households’ budgets
Official data shows that onions have recorded the fastest price growth among basic household items in the past 12 months even as others dropped.
A kilo is up 42 per cent over the last year to cost an average of Sh167 in March from Sh118 in a similar month of 2017.
In the period, tomatoes surged 11 per cent to Sh101 a kilo, making the two items the only foodstuff to record price increases year-on-year, according to Kenya National Bureau of Statistics (KNBS).
Other items recorded drops, including cabbages, whose cost fell the steepest by 46 per cent to retail at Sh41 a kilo while Irish potatoes dropped 37 per cent to Sh61 over the past one year.
Kale (Sukuma Wiki) prices eased three per cent to Sh56 a kilo while the cost of carrots reduced by a quarter to Sh58 per kilo.
READ: Inflation falls against power, food prices
Farmers were last year hit by a prolonged drought that cut supplies and triggered a price rally among foodstuff, hurting households.
This year the rains started pretty early, helping to boost yields and supply and ultimately cool down prices, except for tomatoes and onions.
Due to price drops of more food items than increases, the KNBS said, year-on-year food inflation eased to 2.19 per cent in March from 3.83 per cent.
This lowered last month’s headline inflation to 4.18 per cent from 4.46 per cent in February since food price is crucial to measuring the rate.
Food takes up the largest share (36 per cent) of the basket of goods that is used to calculate inflation, making it the main driver of the cost of living.
At 4.18 per cent, the March inflation is within the Central Bank of Kenya (CBK) preferred range of between 2.5 per cent and 7.5 per cent.
Tomato, onion prices rise to record highs
