Inflation

TANZANIA INFLATION 2019

Tanzania Inflation

In 2020, Tanzania’s average annual inflation rate was 3.3%, significantly lower than the Government’s medium-term ceiling of 5% outlined in Tanzania’s 2020/21 budget.

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

Latest update: 11th February 2021