News
Inflation to rise sharply in Tanzania due to fall in crop production
By ABDUEL ELINAZA
(email the author)
Posted Monday, February 22 2010 at 00:00
Posted Monday, February 22 2010 at 00:00
The new method is expected to reduce the influence of high food prices and bring down inflation rates.
Food makes up 55.9 per cent of the basket of goods and services used to measure inflation.
Grain reserve stocks under the National Food Reserve Agency last October amounted to 107,177 tonnes of maize, while sorghum represented a decrease of 2.2 per cent from 110,278 tonnes at the end of the preceding month.
It was 6.4 per cent lower than the stocks of the previous October.
The decline in the stocks was on account of sale of grain to the Government for distribution to areas with a food deficit.
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