Economists Talk May Briefly 2023

Tanzania Economic Updates’

Tanzania’s inflation rate has fallen from 4.8% in February to 4.7% in March, with a decrease in insurance and financial services expenses and an increase in prices of basic commodities and services. Food and nonalcoholic beverage prices, alcohol and tobacco costs, housing, water, electricity, gas and other fuels, furniture, domestic equipment, and routes have all grown by 0.38 percent in one month, but by 1.10 percent in a year. Healthcare and education expenses have increased by 2.73 percent and 3.35 percent respectively, while transportation costs increased by 5.69 percent in twelve months.

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