The Consumer Prices Index (CPI) report, released on Sunday, November 10, 2024, shows that in October 2024, prices for food and non-alcoholic beverages decreased by 1% year-on-year but increased by 3.7% on a monthly basis.

Additionally, prices for housing, water, electricity, gas, and other fuels rose by 4.8% year-on-year and 0.8% month-on-month, while transport cost increased by 15.9% year-on-year but remained stable month-on-month.

Meat saw a price increase of 22.4% year-on-year, while milk, cheese and eggs, rose by 14.8%.

Prices of alcoholic beverages, tobacco, and narcotics rose by 5.6% annually, while clothing and footwear increased by 5.6%.

The data also indicate that prices for local products increased by 3.3% annually and 1.9% monthly, while imported products rose by 5.5% annually and 0.4% monthly.

Prices for fresh products increased by 0.8% year-on-year and 4.5% month-on-month, while energy prices rose by 1% annually and 0.3% monthly.

Excluding fresh products and energy, the ’general index’ increased by 5.2% on an annual basis and by 0.7% monthly.

The Urban CPI, considered the primary measure of inflation in Rwanda, is calculated based on approximately 1,622 products across twelve urban centers. In contrast, Rural CPI decreased by 1.5% annually but rose by 2.5% on a monthly basis.

Overall, the national CPI increased by 0.5% year-on-year and by 2.1% month-on-month.

The Consumer Prices Index (CPI) report, released on Sunday, November 2024, shows that in October 2024, prices for food and non-alcoholic beverages decreased by 1% year-on-year but increased by 3.7% on a monthly basis.