Tanzania’s inflation rate fell to 4 per cent year-on-year in December

Tanzania’s inflation rate fell to 4.0 percent year-on-year in December, down from 4.4 percent in November because of slower food price increases, the statistics office said.

 The month-on-month inflation was 0.2 percent in December, compared with 0.5 percent in November.

“The speed of price change for commodities in the year ending December 2017 has decreased compared to the speed of price change recorded in the year ended in November 2017,” Ephraim Kwesigabo, director at state-run National Bureau of Statistics, said.