The annual inflation rate accelerated to a four-month high of 4% in May of 2022, from 3.8% in the prior month. Upward pressure came mostly from prices of transport (7.2% vs 3.9% in April); housing & utilities (4.3% vs 3.9%), food & non-alcoholic beverages (5.5% vs 6.6%) and furnishings (3.3% vs 2.8%). On a monthly basis, consumer prices were up 0.5%, the smallest increase in six months. source: National Bureau of Statistics (NBS) - Tanzania
Inflation Rate in Tanzania averaged 6.54 percent from 1999 until 2022, 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 July of 2022.
Inflation Rate in Tanzania is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania Inflation Rate is projected to trend around 3.00 percent in 2023 and 3.10 percent in 2024, according to our econometric models.