Rwanda’s inflation rises by 11.9 percent

Rwanda’s Consumer Price Index (CPI), the primary measure of inflation, experienced an 11.9 percent year-on-year increase in July 2023, down from 13.7 percent in June 2023, as reported by the National Institute of Statistics of Rwanda.

According to the figures released today, ‘Food and non-alcoholic beverages’ saw a 22.8 percent increase on an annual basis and a marginal 0.1 percent increase on a monthly basis.

‘Alcoholic beverages, tobacco, and narcotics’ rose by 14.3 percent on an annual basis and dropped by 2.3 percent on a monthly basis. Transport experienced a 5.8 percent annual increase and a 1.5 percent monthly increase.

The data also indicate that “local products” had a 13 percent increase on an annual basis and a slight 0.4 percent decrease on a monthly basis, while the prices of “imported products” went up by 8.4 percent annually and by 1.4 percent on a monthly basis.

The prices of “fresh products” surged by 27.4 percent on an annual basis but decreased by 1.4 percent on a monthly basis.

Among other categories, the prices of “energy” showed a 3.8 percent annual increase and a 2.2 percent decrease on a monthly basis.

The prices of the “general Index excluding fresh products and energy” rose by 8.5 percent on an annual basis and increased by 0.7 percent on a monthly basis.

PM