Tanzania's annual inflation rate edged down to 3.1 percent in September of 2020 from 3.3 percent in the prior month. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of food & non-alcoholic beverages (3.4 percent vs 3.7 percent in August) and restaurants & hotels (1.5 percent vs 1.9 percent). In addition, cost dropped for recreation & culture (-0.3 percent vs 0.4 percent) and alcoholic beverages & tobacco (-0.6 percent vs 0.9 percent). Meantime, inflation remained steady for transport (at 1.7 percent); furnishings (at 1.7 percent); communication (at 0.5 percent) and health (at 0.9 percent). On a monthly basis, consumer prices decreased 0.3 percent, after falling 0.5 percent in the previous month. source: National Bureau of Statistics (NBS) - Tanzania
Inflation Rate in Tanzania averaged 6.76 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 October of 2020.
Inflation Rate in Tanzania is expected to be 3.30 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 3.60 in 12 months time. In the long-term, the Tanzania Inflation Rate is projected to trend around 3.50 percent in 2021 and 3.80 percent in 2022, according to our econometric models.