Food Prices and Inflation in Tanzania

Christopher Adam (), David Kwimbere, Wilfred Mbowe and Stephen O'Connell ()
Additional contact information
Christopher Adam: University of Oxford and IGC, UK
David Kwimbere: Bank of Tanzania
Wilfred Mbowe: Bank of Tanzania
Stephen O'Connell: Swarthmore College and IGC

Journal of African Development, 2016, vol. 18, issue 2, 19-40

Abstract: We develop an empirical representation of inflation in Tanzania for the decade from 2001, estimating 'multiple-determinant' single-equation models for headline inflation and its major components (food, energy and core inflation). Our results suggest that while supplyside factors, including yield variability and international price arbitrage, play a major role in determining domestic food and fuel inflation (which together account for almost 60 percent of the total CPI basket), demand-side factors amenable to policy intervention by the monetary authorities anchor core inflation.

Keywords: Tanzania; inflation; core inflation; error-correction; supply shocks; monetary policy (search for similar items in EconPapers)
JEL-codes: E31 E52 O55 Q11 Q18 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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