Tanzania Inflation Rate

The inflation rate in Tanzania was recorded at 6.10 percent in March of 2014. Inflation Rate in Tanzania is reported by the National Bureau of Statistics (NBS) - Tanzania. Inflation Rate in Tanzania averaged 7.66 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. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.10 6.00 19.80 3.40 6.79 | 2014/06 1999 - 2014 Percent Monthly
2010=100

TO

Tanzania Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-08 01:30 PM Tanzania
Inflation Rate YoY
Nov 2013 6.2% 6.3% 6.29%
2014-02-08 12:00 PM Tanzania
Inflation Rate YoY
Jan 2014 6% 5.6% 5.59%
2014-03-10 12:00 PM Tanzania
Inflation Rate YoY
Feb 2014 6.0% 6% 6.16%
2014-04-08 11:30 AM Tanzania
Inflation Rate YoY
Mar 2014 6.1% 6.0% 6.29%
2014-05-08 12:00 PM Tanzania
Inflation Rate YoY
Apr 2014 6.1% 4.25%
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Prices Last Previous Highest Lowest Forecast Unit
Consumer Price Index (cpi) 224.30 2014-02-15 221.30 224.30 0.60 223.92 2014-06-30 Index Points [+]
Inflation Rate 6.10 2014-03-31 6.00 19.80 3.40 6.79 2014-06-30 Percent [+]
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Tanzanian Inflation Rate Edges Up Slightly in March

The annual consumer prices in Tanzania accelerated to 6.1 percent in March of 2014, from 6.0 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 9.8 in March of 2013.

In March of 2014, upward pressures came from cost of food and non-alcoholic beverages (+7.2 percent from 6.2 percent in February of 2014), including rice, beans, vegetable and fish. In contrast, cost of housing, water, electricity, gas and other fuel decelerated to 9.0 percent from 13.3 percent in February of 2014, and transport prices slowed to 8.7 percent from 9.0 percent.
 
On a month-on-month basis, the CPI increased by 0.6 percent in March of 2014, compared to a 1.4 percent rise in the previous month.
Higher prices were recorded for tomatoes (6.0 percent), sweet potatoes (4.0 percent), fruits (3.8 percent), rice (2.8 percent), spaghetti (2.8 percent) and chicken (1.8 percent). In addition, higher cost was registered for premier league football games tickets (9.7 percent), medical services (3.3 percent), charcoal (2.6 percent), and material for men's suit (2.4 percent).
 

Isabel Felino | isabel.felino@tradingeconomics.com
4/8/2014 2:35:57 PM

RECENT RELEASES

Tanzania Inflation Rate Unchanged in February
Tanzania's annual inflation rate was 6.0 percent in February of 2014, unchanged from the previous month. The government targets 5.0 percent inflation by June. Published on 2014-03-10

Tanzania Inflation Rate Accelerates in January
In January of 2014, Tanzania’s annual inflation rate increased to 6 percent after falling in December to a 3-year low at 5.6 percent. The rise was mainly due to higher cost of electricity and natural gas and school fees for both private primary and secondary schools. Published on 2014-02-11


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


RELATED NEWS

Tanzanian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Tanzania accelerated to 6.1 percent in March of 2014, from 6.0 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 9.8 in March of 2013.
Tanzania Inflation Rate Unchanged in February  
Tanzania's annual inflation rate was 6.0 percent in February of 2014, unchanged from the previous month. The government targets 5.0 percent inflation by June.
Tanzania Inflation Rate Accelerates in January  
In January of 2014, Tanzania’s annual inflation rate increased to 6 percent after falling in December to a 3-year low at 5.6 percent. The rise was mainly due to higher cost of electricity and natural gas and school fees for both private primary and secondary schools.
Tanzania Inflation Rate Slows in December  
In December of 2013, Tanzanian annual inflation rate slowed to 5.6 percent from 6.2 percent in November. In contrast, monthly inflation accelerated to 1.3 percent due to higher cost of both food and non food items such as petrol and clothing.
Tanzania Inflation Rate Falls to 6.2% in November  
In November of 2013, Tanzanian inflation rate regained its downward trend and slowed to 6.2 percent, after accelerating to 6.3 percent in the previous month.
Tanzania Inflation Rate Accelerates to 6.3% in October  
In October of 2013, Tanzanian annual inflation rate increased to 6.3 percent, slightly up from 6.1 percent in the previous month. With the exception of December last year when the rate remained steady, inflation has been on a downward trend since December of 2011, as good harvest seasons led to a fall in food prices.
Tanzania Inflation Rate Decreases to 6.1% In September  
In September of 2013, Tanzanian inflation rate eased to 6.1 percent, from 6.7 percent in August, mainly due to a slowdown in housing and transport prices.
Tanzania Inflation Rate Eases to 6.7% in August  
In August of 2013, Tanzanian inflation rate eased to 6.7 percent, the lowest rate since January of 2011, mainly due to lower food prices.
Tanzania Inflation Rate Slows to 7.5% in July  
In July of 2013, Tanzanian year-on-year inflation rate eased for the seventh consecutive month to 7.5 percent, from 7.6 percent recorded in June, mainly due to lower energy cost.
Tanzanian Inflation Rate Down to 28-Month Low in June  
In June of 2013, Tanzanian year-on-year inflation rate eased for the sixth month in a row to 7.6 percent, the lowest rate since February of 2011. All food and non-food prices decelerated in June, except for education which remained unchanged from May's figure.
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