The International Monetary Fund’s World Economic Outlook predicts a robust 5.9 percent economic growth in the East African Community (EAC) this year. Tanzania stands out for leading the EAC in reducing inflation, with a projected four per cent, down from 4.4 per cent last year. Uganda and Kenya follow with projected inflation rates of 5...
According to the National Bureau of Statistics (NBS) in Tanzania, the country’s annual Headline Inflation Rate fell to 4.0 per cent in May 2023, compared to 4.3 per cent in April 2023. This means that the rate at which prices of goods and services changed in May 2023 decreased compared to April 2023. The overall...
According to the latest Monetary Policy Committee (MPC) Statement released by the Central Bank of Tanzania, Tanzania’s inflation is expected to remain low for the remainder of the year. This expectation is based on several factors. Firstly, there is an anticipated further decline in food and energy prices in the global market. The statement highlights...
Tanzania’s Headline Inflation Rate Falls Slightly to 4.7% in March 2023, National Bureau of Statistics Reports. The National Bureau of Statistics (NBS) has reported a slight fall in Tanzania’s annual headline inflation rate to 4.7% in March 2023, down from 4.8% in February 2023. The overall index, however, increased from 107.09 in March 2022 to...
The National Bureau of Statistics has released its report on National Consumer Price Index (NCPI) for July 2022. The annual headline inflation rate for July 2022 has slightly increased to 4.5% from 4.4% recorded in June 2022. The increase in headline inflation explains that the speed of price change for commodities for the year...
The below report is the summary from the National Bureau of Statistics of Tanzania released on July 11, 2022 Tanzania’s annual inflation rate accelerated in June, the country’s national bureau of statistics said Monday. The 12-month headline inflation rate rose to 4.4% in June from 4.0% in May, the statistics bureau said in its July...