Inflation Tanzania 2024
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 3.1%. The lowest inflation was in January at 3.0%.
- Highest month
- April: 3.1%
- Lowest month
- January: 3.0%
- Difference
- 0.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 6.6%. The lowest price increase was in Food with an average of 2.1%.
- Highest increase
- Core inflation: 6.6%
- Lowest increase
- Food: 2.1%
Historical Context
Current inflation is 0.5% lower than the 5-year average of 3.6%. This approaches the lowest level since records began (3.1% in 2024).
- 5-year average
- 3.6%
- 10-year average
- 4.1%
- All-time high (2012)
- 16.1%
- All-time low (2024)
- 3.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- January: -1.9 percentage points
ECB Target
Inflation is 1.1% 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 €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.0% | -1.9 |
| February | 3.0% | -1.8 |
| March | 3.0% | -1.7 |
| April | 3.1% | -1.2 |
| May | 3.1% | -0.9 |
| June | 3.1% | -0.5 |
| July | 3.0% | -0.3 |
| August | 3.1% | -0.2 |
| September | 3.1% | -0.2 |
| October | 3.0% | -0.2 |
| November | 3.0% | -0.2 |
| December | 3.1% | +0.1 |
| Average | 3.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.