Tanzania inflation drops to 3.6% – BOT

The Bank of Tanzania (BoT) reported on Monday that the inflation has dropped to 3.6 percent in June from 4 percent in May, due to moderation in both food and non-food prices, in line with the decrease in consumer goods prices in the global market.

However, Uganda’s official inflation rate stood at 4.9 percent, Kenya’s was 7.9 percent, and Rwanda’s 20.4 percent while Burundi’s and Democratic Republic of Congo’s rates stood at 28.9 percent and 26.67 percent respectively in May.

The BoT added that food and non-alcoholic beverages inflation dropped from 8.5 percent to 7.8 percent in June while the non-food inflation rate also decreased from 2.1 percent to 1.8 percent.

The National Bureau of Statistics (NBS) stated that the national consumer price index went up 0.1 percent in June, from 0.2 percent in May, with a year-on-year increase in the overall index from 108.93 in June 2022 to 112.81 in 2023.