Tanzania Annual Inflation Down to 3.7% in February 2022

Tanzania Inflation February 2022

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for the month of February 2022 has decreased to 3.7% from 4% that was recorded in January 20212

The overall index went up from 102.44 recorded in February 2021 to 106.20 in February 2022.

Food and Non-Alcoholic Beverages Inflation Rate for February 2022 has decreased to 6.1% from 6.3% recorded in January 2022.

The Annual Inflation Rate for all items without Food and Non-Alcoholic Beverages for February 2022 has also decreased to 2.7% from 3.1% recorded in January 2022.

Table 1: Changes in Tanzania National Consumer Price Indices (NCPI) for February 2022, (2020 = 100)

Tanzania Monthly Inflation Rate – February 2022

The National Consumer Price Index between January and February 2022 has increased from 105.59 recorded in January 2022 to 106.20 in February; 2022.

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: wheat grains by 1.8%, rice by 3.1%, finger Millet grains by 1.3%, maize grains by 5.2%, wheat flour by 1.1%, maize flour by 1.4%, fresh fish by 3.5%, cooking oil by 1.8% and round potatoes by 3.1%.

On the other hand, some non-food items that contributed to an increase of the index include; actual rentals paid by tenants by 1.0%, products and materials for maintenance of the dwelling by 2.4%, and charcoal by 1.2%.

RELATED:  Tanzania's Annual Inflation Stayed at 3.1% in May 2024
Related Posts
Tanzania Real GDP Growth 2020-2024(Jan-Sep)
Read More

Mainland Tanzania’s Economy Grows 5.6% in Jan-Sep 2024, Led by Agriculture, Projected 6% in 2025, Zanzibar at 7%, Projected Over 6% in 2025, Inflation at 3.1%, Exports Reach USD 16.1 Billion

Tanzania’s economy grew 5.6% in Jan-Sep 2024, with full-year growth estimated at 5.6%. Zanzibar expanded 7%, with projections over 6% in 2025. Inflation remained stable at 3.1%, while exports surged to USD 16.1 billion, led by tourism, gold, and agriculture. Cashew nut procurement reached a five-year high due to the new online auction system.
Bank of Tanzania Interest Rate Q1 2025
Read More

Bank of Tanzania Keeps Policy Rate at 6% for Q3 2024; Domestic Economy on Strong Growth Path with Very Positive Outlook

The Bank of Tanzania’s Monetary Policy Committee has decided to keep the Central Bank Rate (CBR) at 6% for the first quarter of 2025. Governor Emmanuel Tutuba highlighted that the move aims to maintain liquidity, control inflation below 5%, and support a growth rate of 5.7%. The decision reflects global and domestic economic evaluations and a commitment to stabilize the Tanzanian shilling.