The annual inflation rate in Tanzania edged down to 3.3 percent in April of 2020 from 3.4 percent in the previous month, reaching the lowest level since April of 2019. Prices slowed primarily for food & non-alcoholic beverages (4.6 percent vs 5.3 percent in March); transport (1.7 percent vs 2.2 percent) and recreation & culture (0.7 percent vs 1.1 percent). In contrast, inflation remained steady for restaurants & hotels (at 0.7 percent) and furnishings (at 1.7 percent) while housing & utility prices continued to advance (6.5 percent vs 4.9 percent). On a monthly basis, consumer prices went up 0.4 percent, after increasing 1.1 percent in the previous month.
Inflation Rate in Tanzania averaged 6.83 percent from 1999 until 2020, 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 May of 2020. source: National Bureau of Statistics (NBS) - Tanzania
Inflation Rate in Tanzania is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Tanzania to stand at 3.20 in 12 months time. In the long-term, the Tanzania Inflation Rate is projected to trend around 4.00 percent in 2021 and 5.00 percent in 2022, according to our econometric models.