Tanzania inflation rises to 6.4 per cent
Tanzania’s
year-on-year inflation rate rose for the third successive month in
January, driven higher by fuel and food prices, the country’s
statistics office said on Tuesday.
The inflation rate
hit 6.4 per cent in January, up from 5.6 per cent in December, and a
low of 4.2 per cent in October – the month the National Bureau of
Statistics (NBS) changed the calculation methodology and reduced the
weighting of food.
“The increase of
the inflation rate was mainly caused by a significant rise in food,
fuel, and house rent costs,” Ephraim Kwesigabo, director of population
census and social statistics at NBS, told a news conference.
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