Tanzania Inflation Rate

The inflation rate in Tanzania was recorded at 6.40 percent in June of 2014. Inflation Rate in Tanzania averaged 7.64 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
6.40 6.50 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.

Tanzania Inflation Rate Slows Slightly in June

Tanzanian annual inflation rate decelerated slightly to 6.4 percent in June of 2014 from 6.5 percent in the previous month, due to lower food prices.

Year-on-year prices eased for food and non-alcoholic beverages (8.1 percent from 8.7 percent in the previous month); clothing and footwear (2.9 percent from 3.1 percent); furnishing, housing equipment and routine maintenance of the house (2.2 percent from 2.4 percent), and miscellaneous goods and services (8.1 percent from 8.3 percent). In contrast, prices increased for housing, water, electricity, gas and other fuel (11.3 percent in June from 8.3 percent), health (4.2 percent from 3.6 percent), transport (2.7 percent from 2.3 percent), communication (1.6 percent from 0.7 percent), recreation and culture (0.8 percent from 0.6 percent).

The annual inflation rate which excludes food and energy remained steady at 3.5 percent in June.  

On a monthly basis, consumer prices declined further by 0.6 percent in June of 2014, from a 0.4 percent fall in the previous month, mostly due to lower cost of food. In particular, prices dropped for rice (-3.0 percent), maize grains (-12.3 percent), maize flour (-3.5 percent), cassava fresh (-8.9 percent), sweet potatoes (-9.1 percent), dried sardines (-4.1 percent), citrus fruits (-14.4 percent), vegetables (-1.2 percent) and round onions (-2.5 percent). 

National Bureau of Statistics | Isabel Felino | isabel.felino@tradingeconomics.com
7/8/2014 2:36:15 PM

Recent Releases

Tanzania Inflation Rate Accelerates in May
Tanzanian annual inflation rate accelerated to 6.5 percent in May of 2014, from 6.3 percent in the previous month, driven by higher prices of food. It is the highest rate since September last year. Published on 2014-06-09

Tanzania Inflation Rate Rises Further in April
Tanzanian annual inflation rate accelerated for the second consecutive month to 6.3 percent in April of 2014, from 6.1 percent in the previous month, driven by higher prices of food and energy. Published on 2014-05-08

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-08 11:30 AM Tanzania
Inflation Rate YoY
Mar 2014 6.1% 6.0% 6.29%
2014-05-08 11:30 AM Tanzania
Inflation Rate YoY
Apr 2014 6.3% 6.1% 4.25%
2014-06-09 11:15 AM Tanzania
Inflation Rate YoY
May 2014 6.5% 6.3% 6.75%
2014-07-08 11:40 AM Tanzania
Inflation Rate YoY
Jun 2014 6.4% 6.5% 6.73%
2014-08-08 11:15 AM Tanzania
Inflation Rate YoY
Jul 2014 6.4% 6.46%

Prices Last Previous Highest Lowest Unit
Inflation Rate 6.40 6.50 19.80 3.40 Percent [+]
Consumer Price Index (cpi) 149.20 150.10 224.30 0.60 Index Points [+]
Food Inflation 8.10 8.74 27.84 5.22 Percent [+]

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