Consumer prices in Tanzania went up 0.6 percent from a month earlier in December 2019, after rising 0.5 percent in the prior month. The slight uptick in monthly inflation was attributed to the price increase for both food and non-food items. Some of the food items that contributed the most were maize grains (2.8 percent), maize flour (4.8 percent), wheat flour (1.2 percent), sorghum grain (4.2 percent), sorghum flour (2.7 percent), meat (1.2 percent), vegetables (2.2 percent), beans (2.3 percent) and cassava (2.8 percent). The non-food items with largest contribution to the rise were footwear for women (1.5 percent), maintenance and repairs of private saloon cars (3.0 percent), kitchen and domestic utensils (1.3 percent), personal care such as hair dressing for women (1.1 percent) and school bags (2.3 percent). Inflation Rate Mom in Tanzania averaged 0.85 percent from 1993 until 2019, reaching an all time high of 24.89 percent in April of 1994 and a record low of -2.88 percent in July of 2006.
Inflation Rate Mom in Tanzania is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Tanzania to stand at 0.40 in 12 months time. In the long-term, the Tanzania Inflation Rate MoM is projected to trend around 0.30 percent in 2020, according to our econometric models.