Tanzania’s annual inflation rate quickened to 3.6 percent in June of 2021 from 3.3 percent in each of the previous two months. It is the highest inflation rate since February of 2020, mainly pushed up by prices of food & non-alcoholic beverages & tobacco (4.7 percent vs 4.9 percent in May); restaurants & hotels (5.6 percent vs 5.4 percent); clothing & footwear (4.4 percent, the same pace as in May) and transport (3.8 percent vs 1.2 percent in May). On a monthly basis, consumer prices went up 0.1 percent, following a 0.3 percent increase in the previous month. source: National Bureau of Statistics (NBS) - Tanzania

Inflation Rate in Tanzania averaged 6.65 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 July of 2021.

Inflation Rate in Tanzania is expected to be 3.60 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 3.00 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.

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Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.30 19.80 3.00 1999 - 2021 percent Monthly
2020=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-08 11:10 AM Mar 3.2% 3.3% 3.3%
2021-05-10 11:00 AM Apr 3.3% 3.2% 3.1%
2021-06-08 10:45 AM May 3.3% 3.3% 3.2%
2021-07-08 10:30 AM Jun 3.6% 3.3% 3.5%
2021-08-10 11:00 AM Jul 3.6%
2021-09-08 10:30 AM Aug
2021-10-08 10:50 AM Sep
2021-11-09 11:00 AM Oct


News Stream
Tanzania June Inflation Rate at Near 1-1/2-Year High
Tanzania’s annual inflation rate quickened to 3.6 percent in June of 2021 from 3.3 percent in each of the previous two months. It is the highest inflation rate since February of 2020, mainly pushed up by prices of food & non-alcoholic beverages & tobacco (4.7 percent vs 4.9 percent in May); restaurants & hotels (5.6 percent vs 5.4 percent); clothing & footwear (4.4 percent, the same pace as in May) and transport (3.8 percent vs 1.2 percent in May). On a monthly basis, consumer prices went up 0.1 percent, following a 0.3 percent increase in the previous month.
2021-07-08
Tanzania’s May inflation Rate Steady at 3.3%
Tanzania’s annual inflation rate stood at 3.3 percent in May of 2021, unchanged from the previous month. Prices continued to advance mostly for food & non-alcoholic beverages (4.9 percent vs 4.8 percent in April) and transport (1.2 percent vs 0.2 percent), while costs slowed for housing & utilities (3.5 percent vs 4.1 percent), clothing and footwear (4.4 percent vs 4.6 percent) and furnishings (2.8 percent vs 3.1 percent). On a monthly basis, consumer prices grew 0.3 percent in May, after a 0.5 percent rise in the month prior.
2021-06-08
Tanzania April Inflation Rate Edges Up to 3.3%
Tanzania's annual inflation rate edged up to 3.3 percent in April of 2021 from 3.2 percent in the previous month, mainly driven by increases in prices for food & non-alcoholic beverages (4.8 percent vs 4.3 percent in March), housing & utilities (4.1 percent vs 3.7 percent), and clothing & footwear (4.6 percent vs 4.5 percent). In contrast, inflation slowed for transports (0.2 percent vs 0.5 percent). On a monthly basis, consumer prices grew 0.5 percent in March, after a faster 0.9 increase in the month prior.
2021-05-10
Tanzania 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 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).