The Impact of Oil Price Volatility on Inflation and Economic Growth in Tanzania

The government of Tanzania has persistently experienced uneven growth rate Gross Domestic Product (GDP) and failed to attain the national target. This research study intended examine impact oil price volatility on inflation economic in Tanzania. Specifically, analysed causal relationship between Oil Price Volatility, employed secondary data modelling time series was done by using Auto regressive distributed lag model (ARDL). analysis showed following results, after controlling effect export import, negative exchange Interest it that positive long run. whenever increases one percent 1.340 percentage. Furthermore, result there no causality (GDP); a two-way direction also, one-way from means enhanced rate. recommendation or advice Government through regulatory authority manage volatility, rate, import order curb effects (GDP).