Thursday, March 15, 2012

Tanzania Feb inflation eases to 19.4 pct yr/yr

To match Insight AFRICA/SPENDERS-INFLATIONDAR ES SALAAM (Reuters) - Inflation in Tanzania dipped only slightly to 19.4 percent in February from 19.7 percent in January due to slowing food prices, leaving the country struggling to meet its target of single digit inflation by June. Poor rains across east Africa for much of last year affected food security and electricity output, triggering spikes in the levels of inflation and threatening economic growth. NBS said food prices rises slowed to 26.7 percent year-on-year in February from 27.8 percent a month ago, pushing the inflation rate lower. ...


Source: http://news.yahoo.com/tanzania-feb-inflation-eases-19-4-pct-yr-102948031.html

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