September saw the Tanzanian inflation rate jump to 16.8% year-on-year from 14.1% in August, and it isn’t expected to slow down during the remainder of 2011. The annual inflation rate for housing, water, electricity, gas, and other fuel rose to 21.7% in September compared to 19.7% for the year ended August.
It was the 11th consecutive month that the East African country saw an increase in its inflation rate as a result of higher costs, according to the state-run National Bureau of Statistics. "I can’t see the inflation rate going down in the coming months, until at least after the start of the new year," Moremi Marwa, CEO of Tanzania Securities Limited (TSL), a securities brokerage and investment advisory company, told Reuters.
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