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Kenya: Tz, Kenya, Uganda Inflation Trend Climbs

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THE annual headline inflation rates for Tanzania, Kenya and Uganda for the month of October, 2019 went up compared to the corresponding period in September, the National Bureau of Statistics (NBS) has said.

Addressing a news conference in Dodoma, NBS Acting Director of Population, Census and Social Statistics, Ruth Davison, said Tanzania’s annual headline inflation rate for the month of October slightly increased to 3.6per cent from 3.4per cent recorded in September 2019.

She said that the decrease of the headline inflation shows that, the speed of price change for commodities for the year ended October 2019 has increased compared to the speed of price change recorded for the year ended September, 2019.

In comparison with other East African countries of Kenya and Uganda, she said, the annual inflation rate in Kenya increased to 4.95per cent from 3.83per cent recorded in September, 2019.

In Uganda, the annual headline inflation rate increased to 2.5per cent from 1.9per cent recorded in September, 2019.

The National Consumer Price Index (NCPI) measures the change over time in the cost of a fixed basket of goods and services that are purchased by a representative sample of households in Tanzania.

A basket includes a list of 278 goods and services of which 97 are Food and Non- Alcoholic Beverages and 181 are Non-Food items that are being priced on a monthly basis.

According to Ms Davison, Food and Non-Alcoholic Beverages Inflation Rate for the month of October, 2019 increased to 5.1per cent from 4.0per cent recorded in September, 2019.