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Tanzania Inflation Rate Increases to 3.7% in 2021

January 17, 2022
2 minute read
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.

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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.

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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%.

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

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