The Latest

Tanzania Annual Inflation Slightly Increase to 5% in December 2016

January 10, 2017
2 minute read
Tanzania Inflation December 2016

The National Bureau of Statistics of Tanzania (NBS) indicates that the Annual Headline Inflation Rate slightly increased to 5% in December 2016, from 4.8% in November 2016.

The NBS notes that the increase of the overall index is mainly attributed to price increase of food items.

Some food items that contributed to such an increase include maize grains by 12.6%, maize flour by 12.2%, sorghum grain by 8.9%, cassava flour by 3.5%, lentils by 12.5%, cooking bananas by 4.7% and dry beans by 3.3%.

Tanzania Investment Guide 2026 Free Edition

Food and Non-Alcoholic Beverages Inflation Rate recorded in December 2016 increased to 7% from 6.2% recorded in November 2016.

The Annual Inflation Rate for food consumed at home and away from home increased to 7.4% in December 2016 from 6.4% recorded in November 2016.

In addition, the 12-month index change for non-food products remained stable at 3.8% in December 2016.

The Annual Inflation Rate, excluding food and energy, decreased to 2.5% in December 2016, compared to 2.6% in November 2016.

The purchasing power of 100 Tanzanian Shillings reached TZS95 and 20 cents in December 2016 compared to TZS95 and 98 cents in November 2016.

TanzaniaInvest Capital Markets Report Banner

Annual Average Headline Inflation Rate (from January to December, 2016) has decreased to 5.2% in 2016 from 5.6% recorded in 2015 (from January to December, 2015).

After a peak of 6.8% in December 2015, inflation in Tanzania has been steadily decreasing, reaching 5.1% in April 2016, slightly increasing to 5.5% in June, and again, falling to 5.1% in July, 4.9% in August, and 4.5% in September and October 2016.

This decrease was mainly attributed to the decrease in prices for food items. Annual Average Inflation Rate for food Items decreased to 7.6% in 2016 from 8.6% in 2015.

The Bank of Tanzania (BOT) Monetary Policy Statement of June 2016 indicates that the BOT target is to keep inflation close to 5%.

Tanzania’s inflation rate is projected to remain stable at 5% throughout H1 2017 and to remain constant in the medium term.

Want to know more about the Economy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the Economy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Interview Jana Bricco IMF Resident Representative Tanzania no logo
Read More

Interview with Jana Bricco, New IMF Resident Representative in Tanzania, on Economic Growth, Private Investment, and Needed Reforms

In this exclusive interview with TanzaniaInvest, the new IMF Resident Representative Jana Bricco says Tanzania can sustain growth of around 6% by preserving macroeconomic stability and accelerating reforms supporting private investment, productivity and jobs. She calls for fewer regulatory obstacles, more predictable taxation, faster VAT refunds and better access to finance for businesses and SMEs, and explains how IMF support will evolve following the end of its financing programmes, with the relationship now focused on policy dialogue and capacity development.
Tanzania Qatar Tax Treaty Signature
Read More

Tanzania and Qatar Sign Tax Treaty to Boost Investment

Tanzania and Qatar signed a Double Taxation Agreement (DTA) on 29 September 2026, eliminating double taxation on cross-border income between the two countries. Both countries are now moving toward rapid implementation, aiming to deepen economic cooperation and attract new investment across infrastructure, energy, tourism and financial services.
Samia Suluhu Hassan Tanzania Cabinet reshuffle September 2026
Read More

Tanzania Names New Works, Energy and Legal Affairs Ministers

President Samia Suluhu Hassan reshuffled Tanzania's Cabinet on 27 September 2026, naming new ministers for Works, Energy, and Constitution and Legal Affairs. Four other senior appointments were also announced, including a new Chief Medical Officer and Deputy Permanent Secretary for Finance.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free