Inflation rate in Tanzania
As an AI language model, I don't have access to current information and cannot browse the internet. However, according to the World Bank, the inflation rate in Tanzania was 3.7% in 2020 and is projected to be 4.2% in 2021.
To find the inflation rate in Tanzania, follow these steps:
Step 1: Determine the time period for which you want to calculate the inflation rate. For example, if you want to calculate the inflation rate in 2020, use the year as the time period.
Step 2: Find the Consumer Price Index (CPI) data for Tanzania for that time period. The CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Step 3: Calculate the inflation rate using the following formula:
Inflation Rate = (CPI current year - CPI previous year) / CPI previous year * 100
Where:
- CPI current year is the CPI for the current year
- CPI previous year is the CPI for the previous year
Step 4: Plug in the CPI values into the formula and calculate the inflation rate.
Note: The CPI data can be obtained from the National Bureau of Statistics of Tanzania or other reliable sources.