Producer prices in Rwanda surged 6.0 percent year-on-year in the first quarter of 2019, following an upwardly revised 0.2 percent gain in the previous period. It was the highest producer inflation since the third quarter of 2017, as prices remained elevated for electricity, gas, steam and air conditioning supply (32.7 percent, the same pace as in Q4) and jumped for water supply (60.4 percent, after being flat in Q4). Meanwhile, cost decreased for mining & quarrying (-6.7 percent vs 8.5 percent) and manufacturing (-3.5 percent vs -4.1 percent). On a quarterly basis, producer prices rose 5.9 percent, after increasing 0.9 percent in the prior period. Producer Prices Change in Rwanda averaged 1.99 percent from 2012 until 2019, reaching an all time high of 11.60 percent in the second quarter of 2017 and a record low of -3.73 percent in the fourth quarter of 2013.
Producer Prices Change in Rwanda is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Rwanda to stand at -0.30 in 12 months time. In the long-term, the Rwanda Producer Prices Change is projected to trend around 3.20 percent in 2020, according to our econometric models.