Consumer prices in Rwanda decreased 0.4 percent year-on-year in May 2019, following a 0.3 percent fall in the previous month. Prices declined for food & non-alcoholic beverages (-3.6 percent vs -3.5 percent), due to vegetables (-7.7 percent vs -5.4 percent). In addition, cost slowed for housing & utilities (1.4 percent vs 2.3 percent); miscellaneous goods & services (1.5 percent vs 2.4 percent) and furnishings (2.2 percent vs 2.5 percent). Conversely, prices rebounded sharply for transport (2.6 percent vs -0.4 percent). On a monthly basis, consumer prices went up 0.8 percent, after a 0.9 percent rise 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.
Inflation Rate in Rwanda is expected to be 1.30 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 -1.00 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.