Tanzania's annual inflation rate increased to 3.2% in December of 2020 from 3% in the previous month. It was the highest inflation rate since August, mainly pushed up by prices of housing & utilities (10.2% vs 9.1% in November); food & non-alcoholic beverages (3% vs 2.8%) and clothing & footwear (2.7% vs 1.9%). On a monthly basis, consumer prices inched up 0.8%, after increasing 0.3% in the previous month. Main upward pressure came from prices of food (1.5% vs 0.3%), of which rice (1.0%), maize grains (2.6%), maize flour (1.9%), sorghum grain (2.6%), fresh fish (1.2%), sunflower oil (3.1%), cooking oil (3.1%), fruits (1.9%), vegetables (2.5%), beans (2.0%), fresh cassava (1.2%), sweet potatoes (3.0%) and cooking bananas (3.0%). source: National Bureau of Statistics (NBS) - Tanzania
Inflation Rate in Tanzania averaged 6.72 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 January of 2021.
Inflation Rate in Tanzania is expected to be 3.20 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 3.50 in 12 months time. In the long-term, the Tanzania Inflation Rate is projected to trend around 3.80 percent in 2022, according to our econometric models.