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Food Prices and Inflation in Tanzania

Author

Listed:
  • 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)

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.

Suggested Citation

  • Christopher Adam & David Kwimbere & Wilfred Mbowe & Stephen O'Connell, 2016. "Food Prices and Inflation in Tanzania," Journal of African Development, African Finance and Economic Association (AFEA), vol. 18(2), pages 19-40.
    • Handle: RePEc:afe:journl:v:18:y:2016:i:2:p:19-40
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    File URL: http://www.afeawpapers.org/RePEc/afe/afe-journl/wp-content/uploads/2017/01/03_Adam_rev4.pdf
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    Citations

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    Cited by:

    1. Maureen Teresa Odongo & Roseline Nyakerario Misati & Anne Wangari Kamau & Kethi Ngoka Kisingu, 2022. "Climate Change and Inflation in Eastern and Southern Africa," Sustainability, MDPI, vol. 14(22), pages 1-17, November.

    More about this item

    Keywords

    Tanzania; inflation; core inflation; error-correction; supply shocks; monetary policy;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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