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.

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Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 19.80 3.00 1999 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 11:00 AM Jan 3.7% 3.8% 3.7%
2020-03-09 10:30 AM Feb 3.7% 3.7% 3.9%
2020-04-08 11:00 AM Mar 3.4% 3.7% 4.0%
2020-05-08 10:40 AM Apr 3.3% 3.4% 3.4%
2020-06-08 11:20 AM May 3.3%
2020-07-08 11:00 AM Jun 3.7%
2020-08-10 10:50 AM Jul
2020-09-08 10:15 AM Aug


News Stream
Tanzania Inflation Rate at 1-Year Low of 3.3%
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.
2020-05-11
Tanzania March Inflation Rate at 6-Month Low of 3.4%
The annual inflation rate in Tanzania dropped to 3.4 percent in March of 2020 from 3.7 percent in the previous month, reaching its lowest level since last September. Prices slowed mostly for food & non-alcoholic beverages (5.3 percent vs 5.9 percent in February); restaurants & hotels (0.7 percent vs 2.1 percent) and furnishings (1.7 percent vs 2.2 percent). Meantime, costs advanced at the same pace for transport (2.2 percent) and recreation & culture (1.1 percent). Conversely, inflation quickened for housing & utilities (4.9 percent vs 4.5 percent). On a monthly basis, consumer prices went up 1.1 percent, the same pace as in the previous month.
2020-04-08
Tanzania Inflation Rate Steady at 3.7% in February
The annual inflation rate in Tanzania came in at 3.7 percent in February of 2020, unchanged from the previous month. Prices slowed mostly for housing & utilities (4.5 percent vs 4.8 percent in January); furnishings (2.2 percent vs 2.5 percent); restaurants & hotels (2.1 percent vs 2.8 percent) and miscellaneous goods & services (1.5 percent vs 1.6 percent). Also, cost advanced at the same pace for clothing & footwear (2.1 percent) and recreation & culture (1.1 percent). On the other hand, inflation edged higher for transport (2.2 percent vs 1.7 percent) and food & non-alcoholic beverages (5.9 percent vs 5.7 percent), after locusts invasions have destroyed a vast extension of crop fields. On a monthly basis, consumer prices inched up 1.1 percent, after increasing 0.4 percent in the prior month.
2020-03-09
Tanzania Inflation Rate Drops to 3.7% in January
The annual inflation rate in Tanzania edged down to 3.7 percent in January of 2020 from an over 1-1/2-year high of 3.8 percent in the previous month. Prices rose at a slower pace for food & non-alcoholic beverages (5.7 percent vs 6.3 percent in December); clothing & footwear (2.1 percent vs 2.2 percent); furnishings (2.5 percent vs 2.7 percent); restaurants & hotels (2.8 percent vs 3.2 percent) and recreation & culture (1.1 percent vs 1.4 percent). On the other hand, inflation edged higher primarily for transport (1.7 percent vs 0.8 percent) and housing & utilities (4.8 percent vs 4.4 percent). On a monthly basis, consumer prices went up 0.4 percent, after rising 0.6 percent in the previous month.
2020-02-10

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).