The annual inflation rate in Tanzania remained unchanged at 3.8 percent in December 2019, its highest level since April 2018. Prices rose faster primarily for food & non-alcoholic beverages (6.3 percent vs 6.1 percent in November); transport (0.8 percent vs 0.4 percent) and housing & utilities (4.4 percent vs 3.7 percent). Meanwhile, inflation softened for clothing & footwear (2.2 percent vs 2.3 percent); furnishings (2.7 percent vs 3.9 percent); restaurants & hotels (3.2 percent vs 4 percent); alcoholic beverages & tobacco (0.6 percent vs 1.3 percent); furnishings (2.7 percent vs 3.9 percent) and health (1.5 percent vs 1.8 percent). Meantime, cost advanced at the same pace for recreation & culture (1.4 percent) and education (1.6 percent). On a monthly basis, consumer prices went up 0.6 percent, 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.
Inflation Rate in Tanzania averaged 6.88 percent from 1999 until 2019, 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. source: National Bureau of Statistics (NBS) - Tanzania
Inflation Rate in Tanzania is expected to be 3.30 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 5.00 percent in 2020, according to our econometric models.