February 8, 2017 / 11:37 AM / 4 years ago

UPDATE 1-Faster food price rise pushes Tanzania inflation higher in Jan

(Adds details on drivers of inflation rise, quote)

DAR ES SALAAM, Feb 8 (Reuters) - Tanzania’s annual inflation rate edged up to 5.2 percent in January, after 5.0 percent in December, due to a faster increase in food prices, the statistics office said on Wednesday.

The National Bureau of Statistics said the headline inflation rate month-on-month in January was 0.8 percent from 0.7 percent previously.

“The speed of price increase for commodities ... has increased compared to the speed of price increase recorded for the year ended December 2016,” Ephraim Kwesigabo, a director at state-run NBS told a news conference.

The inflation rate for food and non-alcoholic beverages increased to 7.6 percent from 7.0 percent in December, he said.

Food prices carry the biggest weight - at 38.5 percent - in the basket of goods and services used to calculate the country’s inflation rate, followed by transport and fuel prices.

East Africa’s second-biggest economy targets a medium-term inflation rate of 5.0 percent.

For more details, click here (Reporting by Fumbuka Ng'wanakilala; Editing by George Obulutsa and Tom Heneghan)

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