00:00:00 IGIHE NETWORK KINYARWANDA ENGLISH FRANCAIS

Rwanda’s inflation increases by 13.7 percent

By IGIHE
On 11 July 2023 at 04:20

Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 13.7 percent year on year in June 2023 down from 14.1 percent in May 2023, the National Institute of Statistics of Rwanda (NISR) has revealed.

In June 2023, Food and non-alcoholic beverages increased by 26.2 percent on annual basis and increased by 0.5 percent on monthly basis.

‘Alcoholic beverages, tobacco and narcotics’ increased by 22.7 percent on annual basis and increased by 1.4 percent on monthly basis. Restaurants and hotels increased by 10.7 percent on annual basis and decreased by 0.5 percent on monthly basis.

The data from NISR also show the “local products” increased by 15.4 percent on annual change and increased by 0.3 percent on monthly basis, while prices of the “imported products” increased by 8.6 percent on annual basis and increased by 0.8 percent on monthly basis.

The prices of the “fresh products” increased by 34.9 percent on annual change and was stable on monthly basis.

Among others, prices of the “energy” increased by 4.9 percent on annual change and decreased by 0.3 percent on monthly basis.

The prices of the “general Index excluding fresh products and energy” increased by 9 percent on annual change and increased by 0.6 percent on monthly basis.


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