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Rwanda’s inflation increases by 6.4 percent in December 2023

By IGIHE
On 10 January 2024 at 10:46

The National Institute of Statistics of Rwanda (NISR) reported a 6.4% year-on-year increase in Rwanda’s Consumer Price Index (CPI) for December 2023, down from 9.2% in November 2023. In December, ’Food and non-alcoholic beverages’ rose by 11.7% annually but decreased by 6.2% monthly. Transport saw a 6.7% annual increase but a 1.5% monthly decrease.

The data released today reveals a 6% annual increase in "local products," with a 3% monthly decrease. Prices of "imported products" rose by 7.8% annually and decreased by 1% monthly.

Fresh products saw an 11% annual increase and a 9.5% monthly decrease. Additionally, energy prices increased by 0.5% annually and decreased by 3.4% monthly.

The general Index excluding fresh products and energy increased by 5.7% annually and decreased by 0.1% monthly.

In December 2023, fresh products saw an 11% annual increase and a 9.5% monthly decrease.

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