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Rwanda’s inflation rises to 13.9 percent in September 2023

By IGIHE
On 11 October 2023 at 03:33

The latest report from the National Institute of Statistics of Rwanda (NISR) has indicated that the country’s Consumer Price Index (CPI), the primary measure of inflation, surged by 13.9 percent on a year-on-year basis in September 2023. This marked a notable increase from the 12.3 percent recorded in August 2023.

Throughout September 2023, the price of ’Food and non-alcoholic beverages’ exhibited a substantial annual increase of 29.6 percent and a monthly growth of 9 percent. ’Alcoholic beverages, tobacco, and narcotics’ experienced a 12.2 percent annual uptick, with a modest 0.2 percent monthly increase.

Meanwhile, the ’Transport’ category saw an annual increase of 5.9 percent and a monthly rise of 0.8 percent.

The data also highlights the prices of ’local products,’ which showed a robust 15.6 percent annual increase and a monthly increase of 4.2 percent. On the other hand, the cost of ’imported products’ increased by 8.8 percent annually and 1.8 percent on a monthly basis.

In line with the NISR report, prices for ’fresh products’ rose significantly by 37.1 percent on an annual basis and 12.3 percent on a monthly basis. ’Energy’ costs experienced a 3.1 percent annual increase and a monthly uptick of 1.7 percent.

The ’general Index excluding fresh products and energy’ also displayed notable inflationary pressures, with an 8.3 percent annual increase and a 1 percent monthly increase.


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