Tanzania Inflation Rate 1999-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Tanzania was recorded at 5.90 percent in October of 2014. Inflation Rate in Tanzania averaged 7.62 Percent from 1999 until 2014, reaching an all time high of 19.80 Percent in December of 2011 and a record low of 3.40 Percent in January of 2003. Inflation Rate in Tanzania is reported by the National Bureau of Statistics (NBS) - Tanzania.


Tanzania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.90 6.60 19.80 3.40 1999 - 2014 percent Monthly
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 21 geographic regions. The most important categories in the NCPI are Food and Non Alcoholic Beverages (47.8 percent of total weight); Transport (9.5 percent); Housing, Water, Electricity, Gas and Other Fuel (9.2 percent). Clothing and Footwear account for 6.7 percent of total index and Furnishing, Housing Equipment and Routine Maintenance of the House for 6.7 percent. Restaurants and Hotels represent 6.4 percent of total weight and Miscellaneous Goods and Services (personal care, insurance and financial services) for 4.5 percent. Alcoholic Beverages and Tobacco represent 3.3 percent of total weight, Communication 2.1 percent, Education 1.7 percent, Recreation and Culture 1.3 percent and Health 0.9 percent. This page provides - Tanzania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Tanzania Inflation Rate - was last refreshed on Saturday, November 22, 2014.

Tanzania Inflation Rate Down to 10-Month Low

Tanzanian annual inflation rate decelerated to 5.9 percent in September of 2014 from 6.6 percent in the previous month, as food prices slowed further.

Year-on-year, cost of food and non-alcoholic beverages rose 7.1 percent in October following an 8.5 percent increase in September. Transport cost increased 1.6 percent decreasing from 2 percent in the previous month, while prices of housing, water, electricity and gas recorded the highest increase of the month (10.8 percent compared with 10.7 percent in September).  

On a monthly basis, consumer prices fell 0.2 percent in October following a 0.4 percent increase in September, mainly due to a 0.4 percent drop in food and non-alcoholic beverages cost. Among food products, prices of cooking banana decreased the most (by 7.5 percent), followed by pastry-cook products (-2.4 percent), vegetables (- 2.2 percent), fish (-1.7 percent), sugar (-1.6 percent), potatoes (-1.5 percent) and maize flour (-0.1 percent).

Annual core inflation which excludes food and energy prices increased to 3.2 percent in October from 3.1 percent in September.

National Bureau of Statistics | Ricardo Martins | ricardo.martins@tradingeconomics.com
11/10/2014 1:41:53 PM

Recent Releases

Tanzania Inflation Rate Slightly Down in September
Tanzanian annual inflation rate decreased to 6.6 percent in September of 2014 from 6.7 percent in the previous month, driven by lower food price increases. Published on 2014-10-08

Tanzania Inflation Rate Up to 12-Month High in August
Tanzanian annual inflation rate increased to 6.7 percent in August of 2014 from 6.5 percent in the previous month, driven by higher food prices. Published on 2014-09-08

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-08 01:00 PM
Inflation Rate YoY  Aug 2014
6.7% 6.5% 6.74%
2014-10-08 11:30 AM
Inflation Rate YoY  Sep 2014
6.6% 6.7% 7%
2014-11-08 11:00 AM
Inflation Rate YoY  Oct 2014
5.9% 6.6% 6.54%
2014-12-08 11:30 AM
Inflation Rate YoY  Nov 2014
5.9% 6.65%

Tanzania Prices Last Previous Highest Lowest Unit
Inflation Rate 5.90 6.60 19.80 3.40 percent [+]
Consumer Price Index CPI 149.70 149.93 150.70 0.40 Index Points [+]
Food Inflation 7.10 8.50 27.84 5.22 percent [+]
Inflation Rate Mom -0.20 0.40 24.89 -2.88 percent [+]