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Browsing: Annual Headline Inflation Rate
- Inflation in Tanzania has gone down to 3%, lower than Kenya’s 4.3% and Uganda’s 4% posted in July.
- While economic experts commend the country’s monetary policy for managing inflation, economic woes facing the poor persist.
- Policymakers in Tanzania project to control inflation within the National Vision 2020-2025 target of 3.3 to 4.4%.
Inflation in Tanzania has inched slightly lower to 3.0 percent, compared to 3.1 which was recorded in June, the National Bureau of Statistics (NBS) has reported. The NBS attributes this reduction to the country’s Monetary Policy Committee (MPC) in controlling inflation.
“What lower inflation means is that the cost of living has reduced…the price of goods and services have gone. The current efforts have ensured inflation remains within acceptable limits,” Central Bank’s Directorate of Research and Policy, Mr. Marwa Patrick commended the MPC as strategic and successful.
“This achievement reflects meticulous fiscal and monetary policies and …