The annual inflation rate in Tanzania ticked up to 4.6% in August of 2022, the highest since October of 2017, from 4.5% in the previous month. Main upward pressure came from prices of transport (8.1% vs 8.7% in July) and food & non-alcoholic beverages (7.8% vs 6.5%). On a monthly basis, consumer prices were down by 0.4%, after increasing by 0.1% in the preceding month. source: National Bureau of Statistics (NBS) - Tanzania

Inflation Rate in Tanzania averaged 6.52 percent from 1999 until 2022, reaching an all time high of 19.80 percent in December of 2011 and a record low of 3 percent in November of 2018. This page provides - Tanzania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tanzania Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

Inflation Rate in Tanzania is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania Inflation Rate is projected to trend around 3.00 percent in 2023 and 3.10 percent in 2024, according to our econometric models.

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Tanzania Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-09 04:30 PM Jul 4.5% 4.4% 4.7%
2022-09-08 12:00 PM Aug 4.6% 4.5% 4.7%
2022-10-10 11:00 AM Sep 4.6% 4.7%


Related Last Previous Unit Reference
Inflation Rate 4.60 4.50 percent Aug 2022
Consumer Price Index CPI 108.63 109.05 points Aug 2022
Food Inflation 7.80 6.50 percent Aug 2022
Inflation Rate MoM -0.40 0.10 percent Aug 2022
CPI Transportation 112.52 112.47 points Aug 2022
CPI Housing Utilities 108.32 108.47 points Aug 2022
Core Inflation Rate 3.20 3.50 percent Aug 2022
Core Consumer Prices 107.85 107.92 points Aug 2022
Import Prices 109.90 107.60 points Dec 2021
Export Prices 113.60 111.30 points Dec 2021

Tanzania Inflation Rate
In Tanzania, the National Consumer Price Index (NCPI) measures the change over time in the cost of a fixed basket of goods and services that are purchased by a representative sample of households. The index weights are based on expenditures of both urban and rural households in the 25 geographic regions. The most important categories in the NCPI are Food and Non Alcoholic Beverages (38.5 percent of total weight); Transport (12.5 percent); Housing, Water, Electricity, Gas and Other Fuel (11.6 percent); Clothing and Footwear (8.3 percent) and Furnishing, Housing Equipment and Routine Maintenance of the House (6.3 percent). The index also includes: Communication (5.6 percent of total weight), Restaurants and Hotels (4.2 percent of total weight), Alcoholic Beverages and Tobacco (3.7 percent), Miscellaneous Goods and Services (3.1 percent), Health (2.9 percent), Recreation and Culture (1.6 percent) and Education (1.5 percent).
Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.50 19.80 3.00 1999 - 2022 percent Monthly
2020=100

News Stream
Tanzania Inflation Rate Edges Higher in August
The annual inflation rate in Tanzania ticked up to 4.6% in August of 2022, the highest since October of 2017, from 4.5% in the previous month. Main upward pressure came from prices of transport (8.1% vs 8.7% in July) and food & non-alcoholic beverages (7.8% vs 6.5%). On a monthly basis, consumer prices were down by 0.4%, after increasing by 0.1% in the preceding month.
2022-09-09
Tanzania Inflation Rate Highest Since 2017
The annual inflation rate in Tanzania accelerated to 4.5 percent in July of 2022, the highest since October of 2017, from 4.4 percent in the previous month. Prices pressures came mostly from transport (8.7 percent); food & non-alcoholic beverages (6.5 percent), housing & utilities (4.1 percent) and furnishing and household goods (3.9 percent). On a monthly basis, consumer prices went up 0.1 percent, following a 0.5 percent increase in June.
2022-08-09
Tanzania June Inflation Rate Hits Near 5-Year High
The annual inflation rate accelerated to 4.4 percent in June of 2022, the highest since November of 2017, from 4 percent in the prior month. Prices rose at a faster pace mostly for transport (8.9 percent vs 7.2 percent in May); food & non-alcoholic beverages (5.9 percent vs 5.5 percent) and housing & utilities (4.6 percent vs 4.3 percent). On a monthly basis, consumer prices were up 0.5 percent, the same pace as in the previous month.
2022-07-11