Rwanda's annual inflation rate rose further to 11.9 percent in December 2019, its highest level since April 2017, from 11.8 percent in the previous month. Prices remained elevated for food & non-alcoholic beverages (23.8 percent, the same pace as in November), especially vegetables (35.1 percent vs 36.1 percent) and bread & cereals (24.9 percent vs 22.9 percent), amid continued shortages of commodities such as beans, peas and maize as a result of a lean season and also due to heavy rains over the past few months. Also, meat prices were higher (20.3 percent vs 19.2 percent) mainly attributable to the festive season. Additional upward pressure came mostly from alcoholic beverages & tobacco (22.9 percent vs 19.1 percent); housing & utilities (1.5 percent vs 1.4 percent) and transport (1 percent vs 0.9 percent). On a monthly basis, consumer prices declined 0.8 percent, after rising 3.8 percent in the prior month

Inflation Rate in Rwanda averaged 5.84 percent from 1997 until 2019, reaching an all time high of 28.10 percent in February of 1998 and a record low of -15.80 percent in February of 1999. This page provides - Rwanda Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Institute of Statistics of Rwanda

Inflation Rate in Rwanda is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Rwanda to stand at 7.00 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Rwanda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.90 11.80 28.10 -15.80 1997 - 2019 percent Monthly
2014M2=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 09:10 AM Sep 4.6% 2.8% 3.4%
2019-11-11 08:00 AM Oct 7.2% 4.6% 5.3%
2019-12-10 08:10 AM Nov 11.8% 7.2% 6.7%
2020-01-10 08:25 AM Dec 11.9% 11.8% 12.5%
2020-02-10 08:00 AM Jan 11.9% 12%


News Stream
2019-12-10
Rwanda Inflation Rate Highest since 2017
Rwanda's annual inflation climbed to 11.8 percent in November 2019 from 7.2 percent in the previous month. This is the highest inflation rate since April 2017. Prices rose mostly for food & non-alcoholic beverages (23.8 percent vs 14.2 percent in October), namely vegetables (36.1 percent vs 18 percent); bread & cereals (22.9 percent vs 18.2 percent) and meat (19.2 percent vs 18.1 percent), in part reflecting the impact of frequent rains over the past few months. Additional upward pressure came from alcoholic beverages & tobacco (19.1 percent vs 7 percent); housing & utilities (1.4 percent vs 0.3 percent) and miscellaneous goods & services (3.6 percent vs 3.4 percent). On a monthly basis, consumer prices inched up 3.8 percent, after increasing 1.4 percent in the previous month.

2019-11-11
Rwanda Inflation Rate at Over 2-Year High of 7.2%
Rwanda's annual inflation peaked to 7.2 percent in October 2019 from 4.6 percent in the previous month. This is the highest inflation rate since August 2017, mainly due to prices of food & non-alcoholic beverages (14.2 percent vs 8.2 percent in September) and alcoholic beverages & tobacco (7 percent vs 3.7 percent), as cigarettes cost doubled following recent tax revisions. Meanwhile, cost slowed for transport (1.4 percent vs 1.3 percent); furnishings (4.1 percent vs 4.7 percent); clothing & footwear (6.7 percent vs 7.4 percent). At the same time, inflation was steady for housing & utilities (at 0.3 percent). On a monthly basis, consumer prices were up 1.4 percent, after a 1.6 percent rise in the previous month.

2019-10-10
Rwanda Inflation Rate at Near 2-Year High of 4.6%
Rwanda's annual inflation rate rose to 4.6 percent in September 2019 from 2.8 percent in the previous month. This is the highest inflation rate since October 2017, as prices increased faster mostly for food & non-alcoholic beverages (8.2 percent vs 3.7 percent in August), namely bread and cereals (13.5 percent vs 11 percent) and vegetables (8.6 percent vs 1.0 percent). Additional upward pressure came from alcoholic beverages, tobacco & narcotics (3.7 percent vs 3.4 percent); restaurants & hotels (1.3 percent vs 1.0 percent); miscellaneous goods & services (3.2 percent vs 3.1 percent); recreation & culture (5.9 percent vs 5.4 percent) and furnishings (4.7 percent vs 4.5 percent). Meanwhile, cost slowed for housing & utilities (0.3 percent vs 0.5 percent) and clothing & footwear (7.4 percent vs 7.5 percent). Transport inflation was steady at 1.3 percent. On a monthly basis, consumer prices went up 1.6 percent, down from a 1.8 percent rise in the previous month.

2019-09-10
Rwanda Inflation Rate at Near 2-Year High of 2.8%
Rwanda's annual inflation rate rose to 2.3 percent in August 2019 from 1.6 percent in the previous month. It was the highest inflation rate since October 2017, mainly due to higher prices of food & non-alcoholic beverages (3.7 percent vs 0.6 percent in July), namely bread & cereals (11 percent) and meat (15.7 percent). On a monthly basis, consumer prices were up 1.8 percent, after dropping 0.1 percent in the previous month.

2019-08-12
Rwanda Inflation Rate at Over 1-Year High of 1.6%
Rwanda's annual inflation rate peaked to 1.6 percent in July 2019 from 0.9 percent in the prior month. It was the highest inflation rate since May last year, mainly due to prices of food & non-alcoholic beverages (0.6 percent vs -1.1 percent in June), as a result of the prolonged drought. Additional pressure came from alcoholic beverages & tobacco (2.2 percent vs 1.8 percent); clothing & footwear (7.1 percent vs 6.6 percent); miscellaneous goods & services (1.3 percent vs 1.1 percent) and furnishings (4.5 percent vs 3.5 percent). Meanwhile, cost slowed for housing & utilities (1.3 percent vs 1.7 percent); transport (1.8 percent vs 2.5 percent) and restaurants & hotels (1.4 percent vs 1.5 percent). On a monthly basis, consumer prices were down 0.1 percent, the same pace as in the previous month.

2019-07-10
Rwanda Inflation Rate at 1-Year High in June
Consumer prices in Rwanda rose 0.9 percent year-on-year in June 2019, following a 0.4 percent decrease in the previous month. It was the highest inflation rate since June last year, as prices advanced faster for transport (3.2 percent vs 2.6 percent in May); restaurants & hotels (2 percent vs 1.7 percent) and furnishings (3.6 percent vs 3.4 percent). Meantime, prices were unchanged for housing & utilities ( vs 1.4 percent in May). In addition, cost fell less for food & non-alcoholic beverages (-1.6 percent vs -3 percent). On a monthly basis, consumer prices were flat, after increasing 0.8 percent in the previous month.


Rwanda Inflation Rate
In Rwanda, the two main components of the consumer price index are: Food and Non-Alcoholic Beverages (39 percent of total weight) and Housing and Utilities (18.3 percent). Others include: Transport (7.7 percent); Alcoholic Beverages and Tobacco (6.8 percent); Restaurants and Hotels (6.4 percent); Clothing and Footwear (5.3 percent) and Miscellaneous Goods and Services (5.2 percent). Household Contents, Equipment and Maintenance, Communication, Recreation and Culture, Education and Health account for the remaining 11.3 percent of total weight. .

Rwanda Prices Last Previous Highest Lowest Unit
Inflation Rate 11.90 11.80 28.10 -15.80 percent [+]
Core Inflation Rate 2.30 2.10 19.10 1.30 percent [+]
Food Inflation 23.80 23.80 24.50 -14.20 percent [+]
Inflation Rate Mom -0.80 3.80 4.04 -3.94 percent [+]
Producer Prices 137.53 137.87 141.20 100.00 points [+]
Producer Prices Change 11.44 11.82 17.25 -4.44 percent [+]
Consumer Price Index Cpi 132.82 133.86 133.86 79.84 points [+]
Cpi Housing Utilities 122.01 122.00 122.01 87.71 points [+]
CPI Transportation 119.43 119.22 119.43 81.30 points [+]
GDP Deflator 114.00 115.00 115.00 55.00 points [+]