• Energy, fuel, and utility inflation increased to 5.1 per cent in August 2021 from 3.6 per cent in July 2021
• 12-month inflation remained at 3.8 per cent which is the same rate as the previous month
• Interest rates charged on loans by banks remained unchanged

The Tanzania Central Bank (BoT) released the monthly economic review last week, which breaks down the performance of different economic sectors, of which most portions of the economy portrayed modest performance.

Inflation

The report showed that, in August 2021, twelve-month inflation remained at 3.8 per cent which is the same rate as the previous month, and below the country target of 5 per cent in 2021/2022.

Further, on that line, core inflation which BoT argues, is the index accounts for the largest share in consumer price index (CPI), increased to 4.5 per cent in August 2021 from 4.1 per cent in July 2021—this is attributed …

The central bank of Tanzania (BoT) released the monthly economic review report on Wednesday, August 2021. The report brought various in-depth details on the performance of the life-pumping sectors of the economy in Tanzania, including exports, imports, and money supply.

Inflation

Tanzania has managed to sustain the inflation to a considerate level over the past month; hence in the recent report, the East African country has continued to keep the inflation on a low level and within the benchmarks set forth at national and regional levels.

The report argued that this is attributed to sufficient domestic food supply, stable exchange rate, and prudent fiscal and monetary policies.

“Twelve-month headline inflation increased to 3.6 per cent from 3.2 per cent recorded in the corresponding period in 2020 and 3.3 per cent recorded in May 2021. The increase was mainly attributed to an increase in prices of non-food items”, the Bank of …

The Central Bank of Tanzania (BOT) published the monthly economic review on June 2, 2021, highlighting key economic performance in the country’s different sectors.

Tanzania’s key economic sectors such as exports and imports showed modest performance while inflation remained in tolerable benchmarks.

The East African nation is one of the fastest-growing economies in Africa and it has been on a trajectory to enhance its economy, including advancing to a lower mid-income level, amid uncertainties caused by the global pandemic.

Read: Report Insight: Central bank shows good prospects on Tanzania economy

Various forecasts by different entities including the World Bank (WB) project that Tanzania’s GDP will grow by 4.5 per cent in 2021. However, the global recovery period dictates the fate of its economy.

Inflation

According to the report, headline inflation continues to be within the country and regional benchmarks in May 2021.

“Twelve-month headline inflation remained at 3.3 per cent …

The central bank of Tanzania released the monthly economic review for May 2021 and it has reviewed different sections of the economy with a keen eye.

READ:Tanzania clock’s $3Bn as gold prices soar

Inflation

In this section of the economy, the report showed that, during April 2021, the headline inflation rate remained low and within the country and regional limits.

“Twelve-month headline inflation was 3.3 per cent in April 2021, almost the same as in the preceding month and the corresponding period of 2020,” the report noted.

However, on a month-to-month basis, headline inflation stood at 0.5 per cent, which is a bit higher than the rate registered in the corresponding period of 2020 inflation is projected “to remain within the targeted band for 2020/21”.

Further, the core inflation showed that the index accounts for the largest share in consumer price index (CPI) stood at 3.5 per cent, which …

Tanzania economy is projected to grow at 5.6 per cent, the central bank of Tanzania (BoT) revealed during its May 28, 2021, Monetary Policy Committee (MPC).

As Tanzania ascend towards marking a year since upgraded to a low-middle-income country, it has been taking serious steps to revamp its economy, by reshuffling its investment and trading operations.

Unlike 2020 whereas the entire world was battling COVID-19 this year the MPC noted that it was “pleased with good performance of the economy, which is amid global spillover of the adverse impact of the pandemic. Growth is estimated at 4.8 per cent in 2020, lower than the projection of 5.5 per cent, reflecting the adverse impact of the pandemic”

Further, the committee noted that the economy in 2021 will be reinforced by several sectors particularly construction, agriculture and transport and communications activities.

These projects are rather quite far from the African Development Bank …

The central bank of Tanzania’s economic bulletin for the quarter ending March 2021, analyzed the economic performance of the Zanzibar-semi autonomous region of Tanzania, which is widely known for its exotic tourism experience and spice farming.

The detailed report brought up interesting issues along the lines of clove production, inflation, public finance, imports, and exports.

READ:How Zanzibar’s presidency 100 days in office cast economic prospects

Clove performance

Zanzibar has marked its spot across the region within clove production over the past decade, hence over the past years, performance in the sub-sector has been dwindling.

According to the bulletin, “There were no cloves procured during the quarter under review due to low global demand, which resulted in a significant decrease in prices. As for seaweeds, 2,770.6 tonnes were procured compared with 2,236.5 tonnes procured in the corresponding period in 2020,” BoT report.

On the side of the aisle, Statista—a world …

The central bank of Tanzania (BoT) released a monthly economic review report this week the report depicted the performance of different sectors of the economy.

Inflation

Tanzania has been maintaining its inflation rate over the past month in 2021. According to this monthly report, inflation has continued to remain down, evolving within the country and regional targets.

The report argued that the twelve-month consumer price index (CPI) headline inflation eased to 3.3 per cent from 3.5 per cent in the previous month, which is rather widely driven by the slowdown in prices of non-food consumer goods and services.

“On a month-to-month basis, headline inflation was 0.9 per cent in February 2021, compared with 0.8 per cent in the preceding month. Inflation is projected to remain within the target range of 3-5 per cent for the remaining period of 2020/21,” the BoT report noted.

Within the same context, the report pointed …

The central bank of Tanzania (BoT) published its January 2021 monthly economic review report, breaking down several performance aspects of various sectors including exports, imports, as well as the national debt.

Inflation

On this section of the economy, the central bank report showed the year-on-year headline inflation remained moderate at 3.2 per cent in December 2020, compared to 3 per cent in the earlier month.

The report argued that the changes occurred due to price-driven onto food and non-food items. On the overall basis, the inflation rate was within the regional benchmarks as well as below the country medium-term target of 5.0 per cent.

“On month-to-month headline inflation increased to 0.8 per cent in December 2020 compared to 0.3 per cent in the previous month and 0.6 per cent recorded in the corresponding period in 2019” the report noted.

However, the bank report highlighted that inflation is projected to remain …

Tanzania central bank last week produced a monthly economic review for December 2020, which depicted rather a range of issues, for instance on revenue performance being broadly in line with the 2020/2021 target.

Inflation

According to the recent report, the annual headline inflation slightly eased to 3.0 per cent in November 2020 from 3.1 per cent in the preceding month. The central bank argues that this was largely attributed to the slowdown in food inflation, stable exchange rate and moderate oil prices in the world market.

Hence, the inflation rate remains within the regional benchmarks and is below the country medium-term target of 5 per cent.

“On a month-to-month basis, headline inflation increased to 0.3 per cent in November 2020 compared to a rate of negative 0.1 per cent in the previous month and 0.5 per cent recorded in the corresponding period in 2019. Inflation is projected to remain in …