Tanzania's annual inflation rate ticked down to 4.8% in February 2023, from 4.9% in the prior month, but holding close to recent five-year highs. Prices slowed down a bit for some CPI items such as food & non-alcoholic beverages (9.6% vs 9.9% in January); transportation (6% vs 6.2%); furnishings & household equipment (2.8% vs 3%); restaurants & hotels (2.7% vs 2.8%); miscellaneous goods & services (1.9% vs 2.1%) and housing & utilities (1.5% vs 2%). On the other hand, prices accelerated further for education services (3.3% vs 2.9%) and clothing & footwear (2.6% vs 2.5%). On a monthly basis, consumer prices increased by 0.4%, after rising by 0.7% in the previous month. source: National Bureau of Statistics (NBS) - Tanzania

Inflation Rate in Tanzania averaged 6.48 percent from 1999 until 2023, reaching an all time high of 19.80 percent in December of 2011 and a record low of 3.00 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 March of 2023.

Inflation Rate in Tanzania is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Tanzania Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-09 11:10 AM Jan 4.9% 4.8% 4.7%
2023-03-09 11:00 AM Feb 4.8% 4.9% 4.9%
2023-04-10 11:00 AM Mar 4.8% 4.7%


Related Last Previous Unit Reference
Inflation Rate 4.80 4.90 percent Feb 2023
Consumer Price Index CPI 111.28 110.81 points Feb 2023
Food Inflation 9.60 9.90 percent Feb 2023
Inflation Rate MoM 0.40 0.70 percent Feb 2023
CPI Transportation 111.81 111.91 points Feb 2023
CPI Housing Utilities 108.08 108.01 points Feb 2023
Core Inflation Rate 2.40 2.50 percent Feb 2023
Core Consumer Prices 108.49 108.41 points Feb 2023
Import Prices 117.20 117.10 points Sep 2022
Export Prices 117.70 117.70 points Sep 2022

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 & Non-alcoholic Beverages (28% total weight); Housing, Water, Electricity, Gas and Other Fuel (15%); Transport (14%); Clothing & Footwear (11%); and Furnishing, Housing Equipment and Routine Maintenance of the House (8%). The index also includes: Restaurants & Hotels (7%), Communications (5%), Health (3%), Miscellaneous Goods & Services (2%), Education (2%), Alcoholic Beverages and Tobacco (2%) and Recreation & Culture (2%).
Actual Previous Highest Lowest Dates Unit Frequency
4.80 4.90 19.80 3.00 1999 - 2023 percent Monthly
2020=100

News Stream
Tanzania Inflation Rate Eases to 4.8% in February
Tanzania's annual inflation rate ticked down to 4.8% in February 2023, from 4.9% in the prior month, but holding close to recent five-year highs. Prices slowed down a bit for some CPI items such as food & non-alcoholic beverages (9.6% vs 9.9% in January); transportation (6% vs 6.2%); furnishings & household equipment (2.8% vs 3%); restaurants & hotels (2.7% vs 2.8%); miscellaneous goods & services (1.9% vs 2.1%) and housing & utilities (1.5% vs 2%). On the other hand, prices accelerated further for education services (3.3% vs 2.9%) and clothing & footwear (2.6% vs 2.5%). On a monthly basis, consumer prices increased by 0.4%, after rising by 0.7% in the previous month.
2023-03-09
Tanzania January Inflation Rate at 5-Year High of 4.9%
Tanzania's annual inflation rate edged up to 4.9% in January 2023, the highest in five years, from 4.8% in the prior month. Prices continued to climb mostly for food & non-alcoholic beverages (9.9% vs 9.7% in December) and transportation (6.2% vs 5.1%). Additional upward pressure came from education services (2.9% vs 0.7%); restaurants & hotels (2.8% vs 2.7%); clothing & footwear (2.5% vs 2.6%) and furnishings & household equipment (3% vs 3.7%). On a monthly basis, consumer prices inched up by 0.7%, after increasing by 0.8% in the previous month.
2023-02-09
Tanzania Inflation Rate Holds at 5-Year High of 4.9%
Tanzania's annual inflation rate stood at a five-year high of 4.9% in November of 2022, unchanged from the previous month. Upward pressure came mostly from prices of food & non-alcoholic beverages (9.5% vs 9.1% in October); transportation (6.1%, the same pace as in October) and furnishings & household equipment (4% vs 4.2%). On a monthly basis, consumer prices inched up by 0.8%, the most in five months, after being flat in the previous month.
2022-12-13