Tanzania’s cost of living eased in the month of September handing relief to citizens due to a drop in the cost of food and non alcoholic beverages alongside transport and communication.
“The Annual Headline Inflation Rate for the month of September, 2016 has further decreased to 4.5% from 4.9% recorded in August, 2016,” the Tanzania National Bureau of Statistics reported on Tuesday. Tanzania’s high food production sees it sell her supplus to Kenya.
This now means that the purchasing power of the Tanzanian currency rose helping consumers to buy more goods with the same amount of money compared to earlier on.
The decrease of Annual Headline Inflation Rate for the year ending September, 2016 explains that, the speed of price increase for commodities in the year ending September, 2016 has decreased as compared to the speed of price increase recorded for the year ended August, 2016.