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Tanzania Inflation Rate Holds at Over 3-Year Low of 3%
Tanzania's annual inflation rate remained steady for the fourth consecutive month at 3% in March 2024, its lowest level in more than three years. The prices of both health (2.1%) and education (2.8%) saw the same growth as in the previous month. Furthermore, there was a slowdown in the prices of some CPI categories including food & non-alcoholic beverages (1.4% vs 1.8% in February); clothing & footwear (2.4% vs 2.7%); housing & utilities (4.8% vs 5%); recreation, sport and culture (3.4% vs 3.6%) and restaurants and accommodation services (4.1% vs 4.6%). Monthly, consumer prices rose by 0.8% in March, after a 0.5% increase in the prior month.
Published on 2024-04-09

Tanzania Inflation Rate Steady at Over 3-Year Low of 3%
Tanzania's annual inflation rate stood at an over three-year low of 3% in January 2024, unchanged from the previous month. Prices continued to soften for food & non-alcoholic beverages (1.5% vs 2.3% in December); clothing & footwear (2.8% vs 3.2%); furnishings & household equipment (3.3% vs 3.6%) and education (2.7% vs 3.5%). On the other hand, stronger increases were seen for miscellaneous goods & services (7.1% vs 4.5%), housing & utilities (4.9% vs 4%). Monthly, consumer prices increased by 0.7% in January, following a 0.6% rise in the previous month.
Published on 2024-02-08

Tanzania Inflation Rate Slows to Over 3-Year Low of 3%
Tanzania's annual inflation rate eased to an over three-year low of 3% in December 2023, from 3.2% in each of the previous two months. Prices increased at a softer pace for some CPI items, primarily food & non-alcoholic beverages (2.3% vs 2.7% in November); restaurants & hotels (4.3% vs 4.5%) and clothing & footwear (3.3% vs 3.3%). On the other hand, faster increases were seen for housing & utilities (4% vs 2.8%); miscellaneous goods & services (4.5% vs 3.5%); transportation (3.3% vs 2.9%), among others. Monthly, consumer prices were up by 0.6% in December, after a 0.4% increase in the prior month.
Published on 2024-01-08

Tanzania Inflation Rate Steady at 2-1/2-Year Low of 3.2%
Tanzania's annual inflation rate stood at an over 2-1/2-year low of 3.2% in November 2023, unchanged from the prior month. Prices slowed down primarily for food & non-alcoholic beverages (3.7% vs 4.5% in October); restaurants & hotels (4.5% vs 4.9%); transportation (2.9% vs 3.1%) and health (1.4% vs 1.7%). Meanwhile, faster increases were seen for alcoholic beverages & tobacco (4.1% vs 3.5%); clothing & footwear (3.3% vs 3%); and housing & utilities (2.8% vs 1%), among other CPI items. On a monthly basis, consumer prices went up by 0.4% in November, after a 0.2% fall in the prior month.
Published on 2023-12-11

Tanzania Inflation Rate at Over 2-1/2-Year Low of 3.2%
Tanzania's annual inflation rate eased to 3.2% in October 2023, the lowest since March 2021, from 3.3% in the prior month. Prices slowed down mostly for food & non-alcoholic beverages (4.5% vs 5.6% in September); furnishings & household equipment (3.4% vs 3.9%); restaurants & hotels (4.9% vs 5.4%) and miscellaneous goods & services (3.6% vs 3.9%). Monthly, consumer prices were down by 0.2% in October, after rising by 0.1% in the prior month.
Published on 2023-11-08

Tanzania Inflation Rate Steady at Over 2-Year Low
Tanzania's annual inflation rate stood at an over two-year low of 3.3% in August 2023, unchanged from the previous month. Prices for clothing and footwear, education, and restaurants & hotels all advanced at the same rate as in the previous month, with each increasing by 3.4%, 3.3%, and 5.2%, respectively. Meanwhile, prices softened for food & alcoholic beverages (5.6% vs 6.1%) and alcoholic beverages & tobacco (3.7% vs 3.8%). On a monthly basis, consumer prices were down by 0.4% in August, after a 0.1% fall in the prior month.
Published on 2023-09-08

Tanzania Inflation Rate Softens to Over 2-Year Low of 3.3%
Tanzania's annual inflation rate eased for the sixth straight month to an over two-year low of 3.3% in July 2023, down from 3.6% in the prior month, prompted by a deceleration in prices of food & non-alcoholic beverages (6.1% vs 7.8% in June) and clothing & footwear (3.4% vs 3.5%). Conversely, faster increases were observed for several CPI items, such as miscellaneous goods & services (3.9% vs 2.6%); alcoholic beverages & tobacco (3.8% vs 1.7%); furnishings & household equipment (2.7% vs 2.5%); information and communication (2.1% vs 1.9%); and recreation, sport and culture (2.2% vs 1.9%). On a monthly basis, consumer prices edged down by 0.1% in July, after increasing by the same margin in June.
Published on 2023-08-09

Tanzania Inflation Rate Drops to Over 1-Year Low of 3.6%
Tanzania's annual inflation rate softened for the fifth month in a row to an over one-year low of 3.6% in June 2023, down from 4% in the prior month. The moderation in overall inflation was primarily driven by a further slowdown in prices of food & non-alcoholic beverages (7.8% vs 8.5% in May) and a decrease in transportation ones (-0.4% vs 1.3%). The annual core rate, which excludes volatile items such as unprocessed food and energy, eased to 1.7% in June, the lowest since July 2018, from 2% in the prior month. On a monthly basis, consumer prices edged up by 0.1% in June, after rising by 0.2% in the previous month.
Published on 2023-07-10

Tanzania Inflation Rate Eases to 1-Year Low
Tanzania's annual inflation rate eased to 4% in May 2023, the lowest in a year, from 4.3% rise in the previous month. Food inflation surged at the softest pace in 8 months (8.5% vs 9.1% in April). There was also a slowdown in prices of transport (1.3% vs 4.3%) and furnishings & household equipment (2.9% vs 3.1%). On the other hand, inflation accelerated for housing & utilities (0.8% vs 0.3%), clothing & footwear (3.3% vs 2.8%) and recreation, sport & culture (1.9% vs 1.8%). The core rate, which excludes volatile items such as unprocessed food and energy, stood at 2% in May, unchanged from the previous month. On a monthly basis, consumer prices advanced by 0.2%, after rising by 0.4% in April.
Published on 2023-06-09

Tanzania Inflation Rate at 11-Month Low
Tanzania's annual inflation rate edged down to 4.3% in April 2023 from 4.7% in the previous month. It was the lowest reading since May 2022, due to a slowdown in prices of food & non-alcoholic beverages (9.1% vs 9.7% in March), transport (4.3% vs 5.7%) and housing & utilities (0.3% vs 1.1%). Meanwhile, costs increased mainly for clothing & footwear (2.8% vs 2.4%), recreation, sport & culture (1.8% vs 1.5%) and miscellaneous goods & services (1.6% vs 1.3%). On a monthly basis, consumer prices advanced by 0.4%, after rising by 0.8% in March.
Published on 2023-05-09

Tanzania Inflation Rate Eases to 7-Month Low of 4.7%
Tanzania's annual inflation rate ebbed for the second month to 4.7% in March 2023, from 4.8% in the previous month. It was the lowest reading since August last year, amid the slower rise in prices of transportation (5.7% vs 6% in February); clothing & footwear (2.4% vs 2.6%); miscellaneous goods & services (1.3% vs 1.9%) and housing & utilities (1.1% vs 1.5%). On the other hand, prices accelerated mostly for food & non-alcoholic beverages (9.7% vs 9.6%) and restaurants & hotels (3.1% vs 2.7%). On a monthly basis, consumer prices inched up by 0.8% in March, after a 0.4% rise in the prior month.
Published on 2023-04-11

Tanzania Inflation Rate Eases to 4.8% in February
Tanzania's annual inflation rate ticked down to 4.8% in February 2023, from 4.9% in the prior month, but holding close to recent five-year highs. Prices slowed down a bit for some CPI items such as food & non-alcoholic beverages (9.6% vs 9.9% in January); transportation (6% vs 6.2%); furnishings & household equipment (2.8% vs 3%); restaurants & hotels (2.7% vs 2.8%); miscellaneous goods & services (1.9% vs 2.1%) and housing & utilities (1.5% vs 2%). On the other hand, prices accelerated further for education services (3.3% vs 2.9%) and clothing & footwear (2.6% vs 2.5%). On a monthly basis, consumer prices increased by 0.4%, after rising by 0.7% in the previous month.
Published on 2023-03-09

Tanzania January Inflation Rate at 5-Year High of 4.9%
Tanzania's annual inflation rate edged up to 4.9% in January 2023, the highest in five years, from 4.8% in the prior month. Prices continued to climb mostly for food & non-alcoholic beverages (9.9% vs 9.7% in December) and transportation (6.2% vs 5.1%). Additional upward pressure came from education services (2.9% vs 0.7%); restaurants & hotels (2.8% vs 2.7%); clothing & footwear (2.5% vs 2.6%) and furnishings & household equipment (3% vs 3.7%). On a monthly basis, consumer prices inched up by 0.7%, after increasing by 0.8% in the previous month.
Published on 2023-02-09

Tanzania Inflation Rate Holds at 5-Year High of 4.9%
Tanzania's annual inflation rate stood at a five-year high of 4.9% in November of 2022, unchanged from the previous month. Upward pressure came mostly from prices of food & non-alcoholic beverages (9.5% vs 9.1% in October); transportation (6.1%, the same pace as in October) and furnishings & household equipment (4% vs 4.2%). On a monthly basis, consumer prices inched up by 0.8%, the most in five months, after being flat in the previous month.
Published on 2022-12-13

Tanzania October Inflation Rate Hits 5-Year High
Tanzania's annual inflation rate rose for the seventh straight month to 4.9% in October of 2022, from 4.8% in the prior month. It was the highest rate since October of 2017, mainly underpinned by soaring prices of food & non-alcoholic beverages (9.1% vs 8.3% in September); transport (6.1% vs 7.9%) and furnishings & household equipment (4.2% vs 3.6%). On a monthly basis, consumer prices were flat, after increasing by 0.1% in the prior month.
Published on 2022-11-09

Tanzania September Inflation Rate at Near 5-Year High
The annual inflation rate in Tanzania quickened for the sixth straight month to 4.8% in September of 2022, from 4.6% in the previous month. It was the highest reading since October of 2017, mainly due to rising prices of food & non-alcoholic beverages (8.3% vs 7.8% in August) and transport (7.9% vs 8.1%). Meanwhile, inflation remained steady for furnishings and household equipment (at 3.6%) and miscellaneous goods & services (at 2.2%). On a monthly basis, consumer prices were up by 0.1%, following a 0.4% decrease in the previous month.
Published on 2022-10-10

Tanzania Inflation Rate Edges Higher in August
The annual inflation rate in Tanzania ticked up to 4.6% in August of 2022, the highest since October of 2017, from 4.5% in the previous month. Main upward pressure came from prices of transport (8.1% vs 8.7% in July) and food & non-alcoholic beverages (7.8% vs 6.5%). On a monthly basis, consumer prices were down by 0.4%, after increasing by 0.1% in the preceding month.
Published on 2022-09-09

Tanzania Inflation Rate Highest Since 2017
The annual inflation rate in Tanzania accelerated to 4.5 percent in July of 2022, the highest since October of 2017, from 4.4 percent in the previous month. Prices pressures came mostly from transport (8.7 percent); food & non-alcoholic beverages (6.5 percent), housing & utilities (4.1 percent) and furnishing and household goods (3.9 percent). On a monthly basis, consumer prices went up 0.1 percent, following a 0.5 percent increase in June.
Published on 2022-08-09

Tanzania June Inflation Rate Hits Near 5-Year High
The annual inflation rate accelerated to 4.4 percent in June of 2022, the highest since November of 2017, from 4 percent in the prior month. Prices rose at a faster pace mostly for transport (8.9 percent vs 7.2 percent in May); food & non-alcoholic beverages (5.9 percent vs 5.5 percent) and housing & utilities (4.6 percent vs 4.3 percent). On a monthly basis, consumer prices were up 0.5 percent, the same pace as in the previous month.
Published on 2022-07-11

Tanzania May Inflation Rate at 4-Month High
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.
Published on 2022-06-09