Development of inflation rates in Tanzania
The inflation rate for consumer prices in Tanzania moved over the past 38 years between 4.7% and 36.1%. For 2017, an inflation rate of 5.3% was calculated.
During the observation period from 1979 to 2017, the average inflation rate was 17.8%
per year. Overall, the price increase was 43,504.05 %. An item that cost 100 Shilling in 1979 was so charged 43,604.05 Shilling in the beginning of 2018.
In only a very few countries, the price increase is that high. The rate of 36.1% in 1984 means, that compared to the previous year all prices have been increased by an average of 36.1%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Tanzania