Tanzania’s annual inflation rate stood at 3.3 percent in May of 2021, unchanged from the previous month. Prices continued to advance mostly for food & non-alcoholic beverages (4.9 percent vs 4.8 percent in April) and transport (1.2 percent vs 0.2 percent), while costs slowed for housing & utilities (3.5 percent vs 4.1 percent), clothing and footwear (4.4 percent vs 4.6 percent) and furnishings (2.8 percent vs 3.1 percent). On a monthly basis, consumer prices grew 0.3 percent in May, after a 0.5 percent rise in the month prior. source: National Bureau of Statistics (NBS) - Tanzania

Inflation Rate in Tanzania averaged 6.66 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 June of 2021.

Inflation Rate in Tanzania is expected to be 3.40 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 3.80 percent in 2022 and 3.40 percent in 2023, according to our econometric models.

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Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.30 19.80 3.00 1999 - 2021 percent Monthly
2020=100


Calendar GMT Actual Previous Consensus TEForecast
2021-03-08 10:55 AM Feb 3.3% 3.5% 3.5%
2021-04-08 11:10 AM Mar 3.2% 3.3% 3.3%
2021-05-10 11:00 AM Apr 3.3% 3.2% 3.1%
2021-06-08 10:45 AM May 3.3% 3.3% 3.2%
2021-07-08 11:00 AM Jun 3.3%
2021-08-10 11:00 AM Jul
2021-09-08 10:30 AM Aug
2021-10-08 10:50 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Tanzania’s May inflation Rate Steady at 3.3%
Tanzania’s annual inflation rate stood at 3.3 percent in May of 2021, unchanged from the previous month. Prices continued to advance mostly for food & non-alcoholic beverages (4.9 percent vs 4.8 percent in April) and transport (1.2 percent vs 0.2 percent), while costs slowed for housing & utilities (3.5 percent vs 4.1 percent), clothing and footwear (4.4 percent vs 4.6 percent) and furnishings (2.8 percent vs 3.1 percent). On a monthly basis, consumer prices grew 0.3 percent in May, after a 0.5 percent rise in the month prior.
2021-06-08
Tanzania April Inflation Rate Edges Up to 3.3%
Tanzania's annual inflation rate edged up to 3.3 percent in April of 2021 from 3.2 percent in the previous month, mainly driven by increases in prices for food & non-alcoholic beverages (4.8 percent vs 4.3 percent in March), housing & utilities (4.1 percent vs 3.7 percent), and clothing & footwear (4.6 percent vs 4.5 percent). In contrast, inflation slowed for transports (0.2 percent vs 0.5 percent). On a monthly basis, consumer prices grew 0.5 percent in March, after a faster 0.9 increase in the month prior.
2021-05-10
Tanzania Inflation Rate Eases to 3.2% in March
Tanzania's annual inflation rate eased to 3.2 percent in March of 2021 from 3.3 percent in the previous month, as prices slowed down particularly for housing & utilities (3.7 percent vs 4.4 percent in February) and transports (0.5 percent vs 1.0 percent). Conversely, inflation picked up for food & non-alcoholic beverages (4.3 percent vs 3.6 percent); clothing & footwear (4.5 percent vs 4.0 percent) and restaurants & hotels (4.9 percent vs 4.1 percent). On a monthly basis, consumer prices grew 0.9 percent in March, the same pace as in the month prior, mainly boosted by food cost.
2021-04-08
Tanzania February Inflation Rate Drops to 3.3%
Tanzania's annual inflation rate fell to 3.3 percent in February of 2021 from 3.5 percent in the previous month, as prices slowed down for housing & utilities (4.4 percent vs 7.3 percent in January) and information & communication (2 percent vs 2.4 percent). Conversely, costs advanced faster mostly for food & non-alcoholic beverages (3.6 percent vs 2.8 percent); clothing & footwear (4 percent vs 3.7 percent) and restaurants & hotels (4.1 percent vs 3 percent). On a monthly basis, consumer prices were up 0.9 percent, the biggest rise since last March, attributed to both food and non-food items. Some of the food items that contributed to such increase included wheat grains (4.5 percent), finger millet grains (9.2 percent), fresh fish (4.5 percent), sardines (4.1 percent), fruits (2.7 percent), fresh vegetables (2.4 percent), cassava fresh (2.7 percent), cocoyam (4.9 percent) and cooking banana (2.2 percent).
2021-03-08

Tanzania Inflation Rate
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).