Food Prices And Inflation In Tanzania
Journal Of African Development
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.
Tanzania, inflation, core inflation, error-correction, supply shocks, monetary policy
C. Adam, D. Kwimbere, W. Mbowe, and Stephen A. O'Connell.
"Food Prices And Inflation In Tanzania".
Journal Of African Development.