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.