Inflation Tanzania 2023
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.9%. The lowest inflation was in December at 3.0%.
- Highest month
- January: 4.9%
- Lowest month
- December: 3.0%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 12.1%. The lowest price increase was in Energy with an average of 1.5%.
- Highest increase
- Core inflation: 12.1%
- Lowest increase
- Energy: 1.5%
Historical Context
Current inflation is around the 5-year average of 3.7%.
- 5-year average
- 3.7%
- 10-year average
- 4.4%
- All-time high (2012)
- 16.1%
- All-time low (2020)
- 3.3%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- December: -1.9 percentage points
ECB Target
Inflation is 1.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.9% | +0.9 |
| February | 4.8% | +1.1 |
| March | 4.7% | +1.1 |
| April | 4.3% | +0.5 |
| May | 4.0% | 0.0 |
| June | 3.6% | -0.8 |
| July | 3.3% | -1.2 |
| August | 3.3% | -1.4 |
| September | 3.3% | -1.5 |
| October | 3.2% | -1.7 |
| November | 3.2% | -1.7 |
| December | 3.0% | -1.9 |
| Average | 3.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.