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Tanzania’s inflation drops for 3rd consecutive month to 5.8%

Tanzania’s inflation drops for 3rd consecutive month to 5.8%

DAR ES SALAAM: Tanzania’s inflation fell for the third consecutive month to 5.8 percent in the year to November from 5.9 percent the previous month as a rise in food prices slowed, the statistics office said on Monday.

“The inflation rate has declined as a result of slower increase in food prices after good rains in a bumper harvest of food crops,” Ephraim Kwesigabo, a director at state-run National Bureau of Statistics told a news conference.

The rate of inflation for food and non-alcoholic beverages edged down to 7.0 percent during the period from 7.1 percent recorded in October, the statistics office added.

Month-on-month inflation increased by 0.6 percent during the period compared with a decrease of 0.2 percent in October, the NBS said.