africa Banking Currency Economy Finance industry and commerce Tanzania

Tanzania inflation flat at 4% year-on-year in January

Tanzania’s inflation rate remained unchanged at 4.0 percent in January, the statistics office said on Thursday.

“Food items that contributed to the annual headline inflation rate remaining unchanged include beans, fish and bananas,” Ephraim Kwesigabo, director of the state-run National Bureau of Statistics, told a news conference.

East Africa’s third biggest economy targets an average inflation rate of 5.0 percent in the mid-term.

Source: Nasdaq

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