Tanzania Inflation Rate

The annual inflation rate in Tanzania rose slightly to 3.1 percent in March 2019 from 3.0 percent in the previous month, mainly due to higher cost for transport and housing & utilities. Inflation Rate in Tanzania averaged 7.01 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.

Inflation Rate in Tanzania is expected to be 2.60 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 3.80 in 12 months time. In the long-term, the Tanzania Inflation Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2019-01-08	10:50 AM	Inflation Rate YoY	3.3%	3%	2.6%
2019-02-08	11:10 AM	Inflation Rate YoY	3%	3.3%	3.3%
2019-03-08	11:00 AM	Inflation Rate YoY	3%	3%	3.1%
2019-04-08	11:00 AM	Inflation Rate YoY	3.1%	3%	3.0%
2019-05-08	10:30 AM	Inflation Rate YoY		3.1%	2.8%
2019-06-10	10:30 AM	Inflation Rate YoY			2.8%
2019-07-09	11:15 AM	Inflation Rate YoY			2.6%

Tanzania Inflation Rate Ticks Up to 3.1% in March

The annual inflation rate in Tanzania rose slightly to 3.1 percent in March 2019 from 3.0 percent in the previous month, mainly due to higher prices for transport and housing & utilities.

Year-on-year, prices rose faster primarily for transport (4.1 percent vs 3.3 percent in February) and housing & utilities (13 percent vs 12.3 percent). Additional upward pressure came from cost of clothing & footwear (3.4 percent vs 3.3 percent); furnishings (4.3 percent vs 4.1 percent); restaurants & hotels (4.8 percent vs 3.6 percent); alcoholic beverages & tobacco (3.2 percent vs 2.5 percent); miscellaneous goods & services (3.1 percent vs 2.6 percent); health (1.8 percent vs 1.5 percent); recreation & culture (0.3 percent vs 0.2 percent) and education (1.9 percent vs 1.8 percent).

In contrast, inflation softened for food & non-alcoholic beverages (0.1 percent vs 0.5 percent). Also, prices fell for communication (-1.2 percent vs -2.1 percent).

On a monthly basis, consumer prices inched up 1.4 percent, after increasing 1.1 percent in the preceding month. Prices rose faster mainly for food & non-alcoholic beverages (1.7 percent vs 1.3 percent), with positive contribution of rice (0.7 percent); maize grains (0.5 percent); maize flour (3.4 percent); fresh fish (0.7 percent); fresh cow milk (1.4 percent); coconut (5.8 percent); vegetables (3.4 percent); soya beans (2.3 percent); dry peas (4.0 percent), cassava fresh (3.6 percent), sweet potatoes (2.8 percent), dry cassava (1.4 percent), cocoyam (5.5 percent) and cooking bananas (3.3 percent). Also, cost was higher for transport (1 percent vs 0.1 percent) while it slowed for housing & utilities (3.1 percent vs 3.3 percent).

Annual core inflation, which excludes food and energy, peaked to 3.7 percent in March from 3.1 percent in the previous month, reaching its highest level since April 2014.

National Bureau of Statistics | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/8/2019 2:13:04 PM

News

Tanzania Inflation Rate Steady at 3% in February
The annual inflation rate in Tanzania stood at 3 percent in February of 2019, unchanged from the previous month. Prices slowed for food and transport while rose faster for housing & utilities.
Published on 2019-03-08

Tanzania Inflation Rate Edges Down to 3% in January
The annual inflation rate in Tanzania eased to 3 percent in January 2019 from 3.3 percent in the previous month. Softer inflation was seen mainly for food, transport & housing & utilities.
Published on 2019-02-08

Tanzania Annual Inflation Rate at 3-Month High in December
The annual inflation rate in Tanzania rose to 3.3 percent in December of 2018 from 3.0 percent in the previous month. It was the highest inflation rate since September, driven by higher cost of food and non-alcoholic beverages.
Published on 2019-01-08

Tanzania Annual Inflation Rate Remains Lowest on Record
The annual inflation rate in Tanzania fell to 3.0 percent in November of 2018 from 3.2 percent in the previous month. It remained the lowest inflation rate on record, mainly due to a slowdown in cost of food and non-alcoholic beverages.
Published on 2018-12-10

Tanzania Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	3.10	3.00	19.80	3.00	percent	[+]
Consumer Price Index CPI	116.23	114.63	116.23	58.89	Index Points	[+]
Food Inflation	0.50	0.70	27.84	0.40	percent	[+]
Producer Prices	123.70	124.50	124.50	103.60	Index points	[+]
Producer Prices Change	2.60	5.20	14.70	-3.00	percent	[+]
Import Prices	101.20	101.30	119.50	96.70	Index points	[+]
Inflation Rate Mom	1.40	1.10	24.89	-2.88	percent	[+]
Export Prices	102.00	101.50	142.70	96.80	Index points	[+]
Cpi Housing Utilities	141.65	137.44	141.65	51.88	Index Points	[+]
CPI Transportation	105.67	104.67	105.67	75.59	Index Points	[+]
Core Consumer Prices	108.48	107.77	108.48	74.03	Index Points	[+]
Core Inflation Rate	3.70	3.10	9.20	1.30	percent	[+]

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). This page provides - Tanzania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Tanzania Inflation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.10	3.00	19.80	3.00	1999 - 2019	percent	Monthly	2015=100

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Country	Last		Previous	Range
Argentina	50.70	Feb/19	48.9	20263 : -7	%
Australia	1.80	Dec/18	1.9	23.9 : -1.3	%
Brazil	3.89	Feb/19	3.78	6821 : 1.65	%
Canada	1.50	Feb/19	1.4	21.6 : -17.8	%
China	1.50	Feb/19	1.7	28.4 : -2.2	%
Euro Area	1.40	Mar/19	1.5	5 : -0.6	%
France	1.10	Mar/19	1.3	18.8 : -0.7	%
Germany	1.30	Mar/19	1.5	11.54 : -7.62	%
India	2.57	Feb/19	1.97	12.17 : 1.54	%
Indonesia	2.48	Mar/19	2.57	82.4 : -1.17	%
Italy	0.98	Mar/19	1	25.64 : -0.6	%
Japan	0.20	Feb/19	0.2	24.9 : -2.5	%
Mexico	3.94	Feb/19	4.37	180 : 2.13	%
Netherlands	2.80	Mar/19	2.6	11.19 : -1.3	%
Russia	5.30	Mar/19	5.2	2333 : 2.2	%
Saudi Arabia	-2.20	Feb/19	-1.9	11.1 : -2.2	%
Singapore	0.50	Feb/19	0.4	34 : -3.1	%
South Africa	4.10	Feb/19	4	20.7 : 0.2	%
South Korea	0.40	Mar/19	0.5	32.5 : 0.2	%
Spain	1.30	Mar/19	1.1	28.43 : -1.37	%
Switzerland	0.70	Mar/19	0.6	11.92 : -1.4	%
Turkey	19.71	Mar/19	19.67	139 : -4.01	%
United Kingdom	1.90	Feb/19	1.8	8.5 : -0.1	%
United States	1.50	Feb/19	1.6	23.7 : -15.8	%