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. Inflation Rate in Tanzania averaged 7.06 percent from 1999 until 2018, 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 2.30 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 3.50 in 12 months time. In the long-term, the Tanzania Inflation Rate is projected to trend around 6.60 percent in 2020, according to our econometric models.

Tanzania Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-08 11:00 AM Inflation Rate YoY 3.4% 3.3% 3.2%
2018-11-08 10:45 AM Inflation Rate YoY 3.2% 3.4% 3.3%
2018-12-10 10:00 AM Inflation Rate YoY 3% 3.2% 3%
2019-01-08 10:50 AM Inflation Rate YoY 3.3% 3% 2.6%
2019-02-08 10:30 AM Inflation Rate YoY 3.3%
2019-03-08 11:00 AM Inflation Rate YoY
2019-04-09 10:30 AM Inflation Rate YoY 2.2%



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.

Year-on-year, prices increased further for food & non-alcoholic beverages (1.0 percent compared to 0.4 percent in November); clothing & footwear (3.6 percent compared to 3.3 percent); furnishings & household equipment (4.0 percent compared to 2.9 percent); restaurants & hotels (2.7 percent compared to 1.9 percent); alcoholic beverages & tobacco (2.2 percent compared to 1.6 percent) and miscellaneous goods & services (2.6 percent compared to 1.7 percent). Also, cost of recreation & culture rebounded (0.1 percent compared to -0.7 percent) and prices of communication declined at a softer pace (-2.6 percent compared to -2.7 percent).

On the other hand, cost slowed for housing & utilities (12.1 percent compared to 13.4 percent) and inflation was steady for transport (5.1 percent, the same as in November) and education (at 2.4 percent). 

On a monthly basis, consumer prices went up 0.5 percent, after rising 0.3 percent in the prior month, boosted by higher prices of both food namely maize grans (5.5 percent), maize flour (1.2 percent), cassava flour (6.6 pecent), sorghum flour (4.9 percent) and vegetables (3.1 percent) and non-food items, mostly garments for men and women (0.6 percent), garments for children (0.7 percent), petrol (1.7 percent) and diesel (0.9 percent). 

Annual core inflation, which excludes food and energy, advanced to 3.1 percent from 2.6 percent in November.

The annual average inflation rate for 2018 was at 3.5 percent, compared to 5.3 percent in the 2017. 


National Bureau of Statistics | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/8/2019 11:54:16 AM



Tanzania Prices Last Previous Highest Lowest Unit
Inflation Rate 3.30 3.00 19.80 3.00 percent [+]
Consumer Price Index CPI 112.81 112.17 113.24 58.89 Index Points [+]
Food Inflation 1.00 0.40 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 0.50 0.30 24.89 -2.88 percent [+]
Export Prices 102.00 101.50 142.70 96.80 Index points [+]
Cpi Housing Utilities 133.38 135.12 135.12 51.88 Index Points [+]
CPI Transportation 105.49 105.18 105.49 75.59 Index Points [+]
Core Consumer Prices 107.07 106.50 107.07 74.03 Index Points [+]
Core Inflation Rate 3.10 2.60 9.20 1.30 percent [+]


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). 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.00 19.80 3.00 1999 - 2018 percent Monthly
2015=100




Country Last Previous
Argentina 47.10 Dec/18
Australia 1.90 Sep/18
Brazil 3.75 Dec/18
Canada 2.00 Dec/18
China 1.90 Dec/18
Euro Area 1.60 Dec/18
France 1.60 Dec/18
Germany 1.70 Dec/18
India 2.19 Dec/18
Indonesia 3.13 Dec/18
Italy 1.10 Dec/18
Japan 0.30 Dec/18
Mexico 4.83 Dec/18
Netherlands 2.00 Dec/18
Russia 4.30 Dec/18
Saudi Arabia 2.20 Dec/18
Singapore 0.30 Nov/18
South Africa 5.20 Nov/18
South Korea 1.30 Dec/18
Spain 1.20 Dec/18
Switzerland 0.70 Dec/18
Turkey 20.30 Dec/18
United Kingdom 2.10 Dec/18
United States 1.90 Dec/18


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