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Tanzania’s Annual Inflation Stayed at 3.1% in May 2024

June 12, 2024
1 minute read
Tanzania Annual Inflation Rate May 2024

The National Bureau of Statistics of Tanzania (NBS) revealed that the annual headline inflation rate remained at 3.1% in May 2024, the same as in April 2024.

The overall index went up from 112.72 recorded in May 2023 to 116.18 recorded in May 2024.

    The Food and Non-Alcoholic Beverages Inflation Rate for May 2024 has increased to 1.6% from 1.4% which was recorded in April 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 May 2024 has decreased to 3.7% from 3.9% that was recorded in April 2024.

    Monthly Consumer Price Index April-May 2024

    The National Consumer Price Index between April 2024 and May 2024 has increased by 0.1%. 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: finger millet grains by 1.0%; sunflower oil by 1.1%; vegetables by 1.6%; round potatoes by 4.1%; fresh cassava by 1.2%; dried beans by 4.2%; and dried peas (njegere kavu) by 1.2%.

    Some non-food items that contributed to an increase of the index include footwear for men by 0.4%; footwear for women by 0.3%; firewood by 1.5%; charcoal by 2.4%; petrol by 2.0%; and personal care by 0.3%.

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

    TANZANIA ANNUAL HEADLINE INFLATION FOR MAY 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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