Tanzania Annual Inflation Increase to 3.8% in July 2021, the Highest Since December 2019

TANZANIA INFLATION RATES JULY 2020- JULY 2021

The National Bureau of Statistics of Tanzania (NBS) reveals that the Annual Headline Inflation Rate for July 2021 has increased to 3.8% from 3.6% recorded in June 2021.

This is the highest since the same level of inflation was reached in November and December 2019.

The overall index went up from 100.49 recorded in July 2020 to 104.32 in July 2021.

The food and non-alcoholic beverages inflation rate for the month of July 2021 has increased to 5.1% from 4.7% recorded in June 2021.

The annual inflation rate for all items without food and non-alcoholic beverages has increased to 3.3% in July 2021 from 3.2% recorded in June 2021.

Table 1: Changes in Tanzania National Consumer Price Indices (NCPI) for July 2021, (2020 = 100)

Source: Tanzania National Bureau of Statistics of Tanzania (NBS)

Tanzania Monthly Inflation Rate – July 2021

The National Consumer Price Index has increased from 104.30 recorded in June 2021 to 104.32 in July 2021.

The increase of the overall index is mainly attributed to the price increase for some nonfood items. Some non-food items that contributed to an increase in the index include: kerosene by 5.0%, charcoal by 1.3%, diesel by 5.1%, and petrol by 5.4%.

RELATED:  Tanzania's Annual Inflation Hits Record Low of 3.1% in 2024, the Lowest Ever
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.