Tanzania's annual inflation rate eased to 3.2 percent in March of 2021 from 3.3 percent in the previous month, as prices slowed down particularly for housing & utilities (3.7 percent vs 4.4 percent in February) and transports (0.5 percent vs 1.0 percent). Conversely, inflation picked up for food & non-alcoholic beverages (4.3 percent vs 3.6 percent); clothing & footwear (4.5 percent vs 4.0 percent) and restaurants & hotels (4.9 percent vs 4.1 percent). On a monthly basis, consumer prices grew 0.9 percent in March, the same pace as in the month prior, mainly boosted by food cost. source: National Bureau of Statistics (NBS) - Tanzania

Inflation Rate in Tanzania averaged 6.68 percent from 1999 until 2021, 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 April of 2021.

Inflation Rate in Tanzania is expected to be 3.40 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 3.80 percent in 2022 and 3.40 percent in 2023, 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.

Please Paste this Code in your Website
width
height
Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.30 19.80 3.00 1999 - 2021 percent Monthly
2020=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 10:30 AM Dec 3.2% 3% 3%
2021-02-08 11:30 AM Jan 3.5% 3.2% 3.1%
2021-03-08 10:55 AM Feb 3.3% 3.5% 3.5%
2021-04-08 11:10 AM Mar 3.2% 3.3% 3.3%
2021-05-07 10:40 AM Apr 3.2% 3.1%
2021-06-08 10:40 AM May
2021-07-08 11:00 AM Jun
2021-08-10 11:00 AM Jul


News Stream
Tanzania February Inflation Rate Eases to 3.2% in March
Tanzania's annual inflation rate eased to 3.2 percent in March of 2021 from 3.3 percent in the previous month, as prices slowed down particularly for housing & utilities (3.7 percent vs 4.4 percent in February) and transports (0.5 percent vs 1.0 percent). Conversely, inflation picked up for food & non-alcoholic beverages (4.3 percent vs 3.6 percent); clothing & footwear (4.5 percent vs 4.0 percent) and restaurants & hotels (4.9 percent vs 4.1 percent). On a monthly basis, consumer prices grew 0.9 percent in March, the same pace as in the month prior, mainly boosted by food cost.
2021-04-08
Tanzania February Inflation Rate Drops to 3.3%
Tanzania's annual inflation rate fell to 3.3 percent in February of 2021 from 3.5 percent in the previous month, as prices slowed down for housing & utilities (4.4 percent vs 7.3 percent in January) and information & communication (2 percent vs 2.4 percent). Conversely, costs advanced faster mostly for food & non-alcoholic beverages (3.6 percent vs 2.8 percent); clothing & footwear (4 percent vs 3.7 percent) and restaurants & hotels (4.1 percent vs 3 percent). On a monthly basis, consumer prices were up 0.9 percent, the biggest rise since last March, attributed to both food and non-food items. Some of the food items that contributed to such increase included wheat grains (4.5 percent), finger millet grains (9.2 percent), fresh fish (4.5 percent), sardines (4.1 percent), fruits (2.7 percent), fresh vegetables (2.4 percent), cassava fresh (2.7 percent), cocoyam (4.9 percent) and cooking banana (2.2 percent).
2021-03-08
Tanzania Inflation Rate at 11-Month High
Tanzania's annual inflation rate increased to 3.5 percent in January of 2021 from 3.2 percent in the previous month. It was the highest inflation rate since February of 2020, mainly pushed up by prices of clothing & footwear (3.7 percent vs 2.7 percent in December); restaurants and accommodation services (3 percent vs 1.9 percent) and furnishings, household equipment and routine household maintenance (3.1 percent vs 1.3 percent). On the other hand, prices increased at a slower rate for foods & non-alcoholic beverages (2.8 percent vs 3 percent), housing & utilities (7.3 percent vs 10.2 percent). On a monthly basis, consumer prices inched up 0.8 percent, the same as in December 2020. Main upward pressure came from non-food items, such as clothing materials (4.7 percent), garments for men (2 percent), private household rents (3.8 percent), and some minor household maintenance materials, like tiles (12.4 percent) and household utensils (12.7 percent).
2021-02-08
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 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).