The inflation rate has dropped from 3.6% to 3.3% last month, and further analysis reveals a reduction to 3.1%.
Inflation rate for all products has decreased by -0.1% in one month.
Notable decreases were observed in food and nonalcoholic beverage inflation (-1.2% in one month, but up by 6.1% in a year), while alcoholic beverage and tobacco inflation increased by 2% in one month and by 3.8% in a year.
Clothing and footwear prices increased by 0.1% in one month and by 3.4% overall.
Household maintenance costs grew by 0.5% in one month and 2.7% in a year.
Transport prices rose by 0.9% in a month and 0.4% over a year.
Money Supply:
Money circulation surged by 68.2% in one month, increasing from 38.7% the previous month, but decreased from 64% last year.
The rise in money supply is attributed to the Bank of Tanzania increasing circulation from -11.5% last month to 0.2% this year.
Currency circulation increased by over 15.5% this month and narrow money supply (M1) expanded by 19.3%.
Import Rates:
Over a year, import rates increased by 739%, but in one month, it plummeted by 70%.
Several items had varying import rates in a year, such as machinery and mechanical appliances (increased by 38% in a year but decreased by 29% within the year).
Import rates for some products like petrol, lubricants, wheat grain, and pharmaceutical products exhibited varying trends.
Export Rates:
Export rates grew by 4% in one year and 13% within two years.
Notable changes were seen in the export rates of manufactured goods, traditional goods, horticultural products, and cereals.
National Debts:
The national debt has exceeded USD 42 billion, with domestic debt increasing by 2% in a month and 20% in a year.
External debt increased by 1% in a month and 8% over a year.
Budget Analysis:
The government's expenditures are surpassing the budget estimate, leading to a 36% increase in expenditures compared to estimated revenue.
Interest costs have exceeded the budget projection by 151%, and income tax revenue has declined by 5%.
This has contributed to a growing government deficit, exceeding 36%.
