BY BUSINESS REPORTER
TANZANIANS will have to dig dipper into their pockets since the country’s inflation rate has continued to escalate with the latest National Bureau of Standards (NBS) indicating the country’s inflation rate to have increased for the 13th straight month to 19.2 percent in November from 17.9 percent in October.
According to the latest figures released by NBS, food and non-alcoholic beverages inflation rate has increased to 26.1 percent in November 2011 from 24 percent recorded in the year ended October 2011."
Food and non-alcoholic beverages have a 47.8 percent weighting in the country's basket of goods used to measure inflation.
Among food prices that increased were the national staple maize, rice, bread, wheat flour, cassava, meat, oil, Irish potatoes, sweet potatoes and sugar.
NBS said the year-on-year inflation rate for energy rose to 39.2 percent in November from 37.4 percent in October.
Stripping out food and energy prices, the annual inflation rate edged up to 8.8 percent in November from 8.5 percent in October.
On a monthly basis, consumer prices rose 1.4 percent in November from October.
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