Tanzania Inflation Rate Increases to 3.7% in 2021

Tanzania Inflation Rates 2021

The National Bureau of Statistics of Tanzania (NBS) reveals that the annual headline inflation rate for 2021 (January to December) was 3.7% versus 3.3% in 2020.

The increase is mainly attributed to an increase of core inflation to 4.1% from an average of 2.3% recorded in 2020.

However, the annual average inflation rate for food and non-alcoholic beverages has decreased to 4.2 % in 2021 from 4.8% recorded in 2020.

The annual average inflation rate for all items without food and non-alcoholic beverages in 2021 has also decreased to 3.5% from 3.7% in 2020.

In 2021, the lowest inflation rate was 3.2% noted in March and the highest rate was 4.2% in December 2021.

The pattern of 2021 remains lower than the Government annual inflation target of 5%, the EAC inflation target of 8%, and SADC which ranges between 3% and 7%.

GENERAL MOVEMENT OF ANNUAL HEADLINE INFLATION RATE IN TANZANIA IN 2020 AND 2021

Tanzania Inflation Rate 2021-2020

Monthly Consumer Price Index Between November And December 2021

The National Consumer Price Index has increased from 104.08 recorded in November 2021 to 104.92 in December 2021.

The increase of the overall index is attributed to a price increase for some food and non-food items.

Some food items that contributed to an increase of the index include rice by +3.7%, maize grains by +5.2%, wheat flour by +3.4%, maize flour by +3.3%, beef by +2.5%, goat meat by +1.6%, fish by +5.3%, fruits by +3.7%, vegetables by +2.3% and potatoes by +3.2%.

Some non-food items that contributed to an increase of the index include materials for the maintenance of the dwelling by +5.0%, liquefied hydrocarbons by +2.3%, kerosene by +1.7%, diesel by +6.7%, and petrol by +3.0%.

RELATED:  Tanzania Annual Inflation Down to 4% in January 2022

CHANGES IN TANZANIA NATIONAL CONSUMER PRICE INDEX (NCPI) FOR DECEMBER 2021, (2020 = 100)

Related Posts