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Tanzania Annual Inflation Remained at 3% in March 2024

April 11, 2024
1 minute read
Tanzania Inflation Rates March 2024

The National Bureau of Statistics of Tanzania (NBS) revealed that the Annual Headline Inflation Rate stagnated at 3.0% for three consecutive months in March 2024.

Meanwhile, the overall index went up from 112.13 recorded in March 2023 to 115.51 recorded in March 2024.

    The Food and Non-Alcoholic Beverages Inflation Rate for March 2024 has decreased to 1.4% from 1.8% which was recorded in February 2024.

    Tanzania Investment Guide 2026 Free Edition

    On the other hand, the Annual Inflation Rate for All Items without Food and Non-Alcoholic Beverages for March 2024 has increased to 3.7% from 3.5% which was recorded in February 2024.

    Monthly Consumer Price Index February 2024 – March 2024

    The National Consumer Price Index between February and March 2024 has increased by 0.8%. The increase in the overall index is attributed to price increases for some food and non-food items.

    Some food items that contributed to an increase in the index include wheat grains by 1.2%; finger millet grains by 2.3%; beef by 4.0%; sardines by 5.4%; fruits by 2.8%; vegetables by 4.7%; Irish potatoes by 2.3%; sweet potatoes by 1.4%; cassava by 5.7%; cooking bananas by 4.4%; beans by 1.9% and peas by 1.5%.

    Some non-food items that contributed to an increase in the index include firewood by 3.4%; diesel by 1.6%; petrol by 3.0% and passenger transport by road (bus, tax, motorcycle, train, etc.) by 1.8%.

    Changes in Tanzania National Consumer Price Indices (NCPI) for March 2024, (2020 = 100)

    Tanzania National Consumer Price Indices (NCPI) for March 2024

    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.

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