Browsing: Food Prices in Tanzania compress image

As African nations’ economies grow, so do individual expenses in basic and often, extra necessities, such as food, clothing, rent, data, and entertainment to say the least.

In this case, there are a lot of benefits attached when people tweak their expenses strategically and hone the art of saving, especially on their consumables spending habits when living in big cities, such as Tanzania’s commercial capital, Dar es Salaam (Africa’s fifth-largest city).

Tanzania is one of the fastest-growing economies in sub-Saharan Africa, and Dar es Salaam (with more than six million people) is one of the 30 cities in the world growing fast, according to National Geographic.

Expatistan, a cost of living database, noted that Dar es Salaam has cheaper costs of living than in 62 per cent of cities in Africa and in 83 per cent of cities around the world.

As we accumulate savings over time, the nagging worries…

Tanzanian government’s efforts to boost  its economy have shown slight improvement over the past 22 months.

According to statistics, whereas inflation has remained significantly below the medium target of 5.0 per cent and lower than the respective convergence criteria for EAC and SADC of maximum 8.0 per cent and 3 to 7 per cent over the past good six years, Bank of Tanzania (BoT), monthly economic review report reveals.

With the Gross Domestic Product (GDP) at 6.6 per cent, inflation in Tanzania has been taking a rather decent fall over the past month, whereby according to the report, in August the annual headline inflation was at 3.6 per cent compared to 3.7 per cent in the previous month.

According to the report, headline, food, non-food and core annual inflation rates have been decreasing since 2016, while food inflation peaked higher from November 2016 to November 2017, then taking a fall …