Tanzania Inflation

In 2019, Tanzania’s annual inflation rate remained at 3.5%, similar to 2018, while it has significantly decreased from the 6.2% in 2010 due to improved food supply.

Tanzania’s 2019 inflation of 3.5% remains significantly below the Government’s medium-term ceiling of 5% outlined in Tanzania’s 2020/21 budget.

The WB consistently estimates that Tanzania’s current low and stable headline inflation is favored by low domestic food prices. The Bank forecasts that in 2020 and 2021 inflation will remain stable at 3.8% and 3.5% respectively.

Sources: World Bank (WB)
Latest update: 13th August 2020