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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.30 19.80 3.00 1999 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-08 11:00 AM Jun 3.2% 3.2% 3.3%
2020-08-10 11:00 AM Jul 3.3% 3.2% 3.3%
2020-09-08 10:30 AM Aug 3.3% 3.3% 3.4%
2020-10-08 10:50 AM Sep 3.1% 3.3% 3.1%
2020-11-09 11:00 AM Oct 3.1%
2020-12-07 11:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Tanzania September Inflation Rate at 1-1/2-Year Low of 3.1%
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.
2020-10-08
Tanzania July Inflation Rate Ticks Up to 3.3%
Tanzania's annual inflation rate rose to 3.3 percent in July of 2020 from 2.9 percent in the prior month which was the lowest since April of 2019. Prices continued to advance for housing & utilities (9.5 percent vs 9.2 percent in July) and they rebounded for transport (0.5 percent vs -0.3 percent) and recreation & culture (0.7 percent vs -1 percent). Meantime, inflation remained steady for food & non-alcoholic beverages (at 3.8 percent). On a monthly basis, consumer prices were down 0.2 percent, the same pace as in the preceding month, on account of food products. Main downward pressure came from prices of rice (-1.9 percent), maize grains (-2.9 percent), maize flour (-1.6 percent), sorghum grain (-2.8 percent), sardines (-2 percent), beans (-1.7 percent), round potatoes (-1.7 percent), sweet potatoes (-1.2 percent) and cooking bananas (-2.6 percent).
2020-08-10
Tanzania June Inflation Rate Steady at Over 1-Year Low
The annual inflation rate in Tanzania stood at 2.9 percent in June of 2020, the lowest since April of 2019, as prices slowed for food & non-alcoholic beverages (3.8 percent vs 4.4 percent in May). In addition, costs fell for transport (-0.3 percent vs 1.3 percent) and recreation & culture (-1 percent vs -1.2 percent). Conversely, inflation picked up for housing & utilities (9.2 percent vs 6.7 percent). On a monthly basis, consumer prices edged down 0.2 percent, after increasing 0.2 percent in the prior month.
2020-07-08
Tanzania Inflation Rate Slows for 3rd Month to 3.2%
Annual inflation rate in Tanzania eased to 3.2 percent in May of 2020 from 3.3 percent in April, reaching a fresh low since April of 2019. Prices slowed mainly for food & non-alcoholic beverages (4.6 percent vs 4.6 percent in April) and transport (1.3 percent vs 1.7 percent) but rose faster for housing and utilities (6.7 percent vs 6.5 percent). On a monthly basis, consumer prices were up 0.2 percent, after increasing 0.4 percent in the previous month.
2020-06-08

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).