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.

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Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.10 19.80 3.00 1999 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-10 11:00 AM Jul 3.3% 3.2% 3.3%
2020-09-08 10:30 AM Aug 3.3% 3.3% 3.4%
2020-10-08 10:50 AM Sep 3.1% 3.3% 3.1%
2020-11-09 11:00 AM Oct 3.1% 3.1% 3.1%
2020-12-07 11:00 AM Nov 3.1%
2021-01-08 10:30 AM Dec
2021-02-10 11:00 AM Jan
2021-03-09 10:30 AM Feb


News Stream
Tanzania October Inflation Rate Steady at 1-1/2-Year Low
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%).
2020-11-09
Tanzania September Inflation Rate at 1-1/2-Year Low of 3.1%
Tanzania's annual inflation rate edged down to 3.1 percent in September of 2020 from 3.3 percent in the prior month. It was the lowest inflation rate since March of 2019, amid a slowdown in prices of food & non-alcoholic beverages (3.4 percent vs 3.7 percent in August) and restaurants & hotels (1.5 percent vs 1.9 percent). In addition, cost dropped for recreation & culture (-0.3 percent vs 0.4 percent) and alcoholic beverages & tobacco (-0.6 percent vs 0.9 percent). Meantime, inflation remained steady for transport (at 1.7 percent); furnishings (at 1.7 percent); communication (at 0.5 percent) and health (at 0.9 percent). On a monthly basis, consumer prices decreased 0.3 percent, after falling 0.5 percent in the previous month.
2020-10-08
Tanzania July Inflation Rate Ticks Up to 3.3%
Tanzania's annual inflation rate rose to 3.3 percent in July of 2020 from 2.9 percent in the prior month which was the lowest since April of 2019. Prices continued to advance for housing & utilities (9.5 percent vs 9.2 percent in July) and they rebounded for transport (0.5 percent vs -0.3 percent) and recreation & culture (0.7 percent vs -1 percent). Meantime, inflation remained steady for food & non-alcoholic beverages (at 3.8 percent). On a monthly basis, consumer prices were down 0.2 percent, the same pace as in the preceding month, on account of food products. Main downward pressure came from prices of rice (-1.9 percent), maize grains (-2.9 percent), maize flour (-1.6 percent), sorghum grain (-2.8 percent), sardines (-2 percent), beans (-1.7 percent), round potatoes (-1.7 percent), sweet potatoes (-1.2 percent) and cooking bananas (-2.6 percent).
2020-08-10
Tanzania June Inflation Rate Steady at Over 1-Year Low
The annual inflation rate in Tanzania stood at 2.9 percent in June of 2020, the lowest since April of 2019, as prices slowed for food & non-alcoholic beverages (3.8 percent vs 4.4 percent in May). In addition, costs fell for transport (-0.3 percent vs 1.3 percent) and recreation & culture (-1 percent vs -1.2 percent). Conversely, inflation picked up for housing & utilities (9.2 percent vs 6.7 percent). On a monthly basis, consumer prices edged down 0.2 percent, after increasing 0.2 percent in the prior month.
2020-07-08

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).