‘Food prices too high for the majority ahead of Christmas’

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World food prices rose in the first quarter of the year for the first time since their all-time high in August 2012, driven by rising demand in China, drought in the United States and unrest in Ukraine.

Swelling prices of consumer goods sent the rate of prices increasing (inflation rate) up by 0.2 per cent in October, the National Bureau of Statistics (NBS) announced yesterday.

Tanzania’s annual headline inflation rate decreased to 5.9 per cent in October 2014, from 6.6 per cent recorded in September as the speed of food prices went down during the month, National Bureau of Statistics (NBS) announced in Dar es Salaam yesterday.

A special committee has been formed to probe the recent hiking of prices of essential foodstuffs in Arusha, leading to complaints from members of the public.

High tomato prices a boon to farmers  The Citizen Daily

Prices of goods to final consumers rise because import freight charges are high.This happens because empty containers are sent to the countries of origin.

Oil prices turned higher yesterday but remained near six-year lows ahead of the latest US energy report after jitters over China’s faltering economy spurred heavy losses earlier this week.

>I recently read an article that explained how dirty money has been driving up property prices in London.