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.

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Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.00 19.80 3.00 1999 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 10:50 AM Sep 3.1% 3.3% 3.1%
2020-11-09 11:00 AM Oct 3.1% 3.1% 3.1%
2020-12-08 10:35 AM Nov 3% 3.1% 3.2%
2021-01-08 10:30 AM Dec 3.2% 3% 3%
2021-02-10 11:00 AM Jan 3.2%
2021-03-09 10:30 AM Feb
2021-04-08 11:00 AM Mar
2021-05-07 10:40 AM Apr


News Stream
Tanzania December Inflation Rate Hits 4-Month High
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%).
2021-01-08
Tanzania November Inflation Rate at Over 1-1/2-Year Low
Tanzania's annual inflation rate edged down to 3% in November of 2020 from 3.1% in each of the previous two months, reaching its lowest level since February of 2019. Prices slowed mostly for food & non-alcoholic beverages (2.8% vs 3.4% in October), namely food consumed at home and away from home (3.7% vs 4.4%) and transport (1.6% vs 2%). In addition, cost decreased for alcoholic beverages & tobacco (-0.6%, the same pace as in October). Meantime, inflation remained steady for furnishings (at 1.5%); education (at 1.3%); restaurants & hotels (at 1.6%) and miscellaneous goods & services (at 0.9%). On a monthly basis, consumer prices increased 0.3%, after dropping 0.1% in the preceding month. Main upward pressure came from prices of non-food products, of which dental services in private hospitals (1.5%), petrol (1.2%), passenger transport by air (1.5%) and charcoal (1.9%).
2020-12-13
Tanzania October Inflation Rate Steady at 1-1/2-Year Low
Tanzania's annual inflation rate stood 3.1% in October of 2020, unchanged from September which was the lowest since March of 2019. Prices slowed for housing & utilities (8.2% vs 8.5% in September) and furnishings (1.5% vs 1.7%), while inflation was steady for food & non-alcoholic beverages (at 3.4 %); clothing & footwear (at 2%) and health (at 0.9%). On the other hand, higher costs were seen for transport (2% vs 1.7%); recreation & culture (0.6% vs -0.3%); education (1.3% vs 1.2%) and restaurants & hotels (1.6% vs 1.5%). On a monthly basis, consumer prices edged down 0.1%, after decreasing 0.3% in September, mainly due to lower food prices, of which maize flour (-3.8%), fresh fish (-1.1%), cooking bananas (-3.1%), fruits such as mangoes and melons (-4.4%) and vegetables such as spinach and tomatoes (-2.5%).
2020-11-09
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 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).