Tanzania’s annual inflation rate stood at 4 percent in October of 2021, unchanged from the previous month, the highest since February of 2018. Upward pressure came mostly from prices of transport (5.6 percent vs 5.9 percent in September); restaurants and hotels (5 percent, the same as in the previous month); clothing & footwear (4.9 percent vs 4.8 percent) and food & non-alcoholic beverages (3.9 percent vs 4 percent). On a monthly basis, consumer prices were down 0.1 percent, the same pace as in the previous month. source: National Bureau of Statistics (NBS) - Tanzania
Inflation Rate in Tanzania averaged 6.61 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 November of 2021.
Inflation Rate in Tanzania is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania Inflation Rate is projected to trend around 3.30 percent in 2022 and 3.20 percent in 2023, according to our econometric models.