Tanzania's annual inflation rate stood 3.1% in October of 2020, unchanged from September which was the lowest since March of 2019. Prices slowed for housing & utilities (8.2% vs 8.5% in September) and furnishings (1.5% vs 1.7%), while inflation was steady for food & non-alcoholic beverages (at 3.4 %); clothing & footwear (at 2%) and health (at 0.9%). On the other hand, higher costs were seen for transport (2% vs 1.7%); recreation & culture (0.6% vs -0.3%); education (1.3% vs 1.2%) and restaurants & hotels (1.6% vs 1.5%). On a monthly basis, consumer prices edged down 0.1%, after decreasing 0.3% in September, mainly due to lower food prices, of which maize flour (-3.8%), fresh fish (-1.1%), cooking bananas (-3.1%), fruits such as mangoes and melons (-4.4%) and vegetables such as spinach and tomatoes (-2.5%). source: National Bureau of Statistics (NBS) - Tanzania
Inflation Rate in Tanzania averaged 6.75 percent from 1999 until 2020, 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 December of 2020.
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 3.50 percent in 2021 and 3.80 percent in 2022, according to our econometric models.