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.