Tanzania June inflation drops on slower

July 16 [Tue], 2013, 11:39
DAR ES SALAAM (Reuters) - Tanzanian inflation continued to fall in the year to June due to slower rises in the prices of food and energy, official data showed on Monday.

The year-on-year rate of inflation fell to 7.6 percent from 8.3 percent in May, the National Bureau of Statistics (NBS) said, and has now fallen in the last 16 of 17 months. In the month of December 2012 it was unchanged.

Consumer prices or headline inflation in east Africa's second biggest economy fell 0.5 percent during the month of June compared with a 0.6 percent drop in May.

"The decrease of the annual headline inflation rate for the month of June 2013 explains that the speed of price increase for commodities in June 2013 has decreased compared to the speed recorded in May 2013," said the state-run NBS in a statement.

Food and non-alcoholic beverages inflation rate fell to 7.6 percent in June 2013 from 8.0 percent in May 2013.

The annual inflation rate for energy declined to 14.8 percent in June 2013 compared to 20.1 percent in May 2013.



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