Figures released today show that Urban CPI increased by 12.6 percent on annual basis (May 2022 and May 2021) and increased by 1.9 percent on monthly basis (May 2022 to April 2022). The annual average inflation rate between May 2022 and May 2021 was 3.5 percent.

In May 2022, Food and non-alcoholic beverages increased by 24.2 percent on annual basis and increased by 5 percent on monthly basis. ‘Housing, water, electricity, gas and other fuels’ increased by 8 percent on annual basis and decreased by 0.3 percent on monthly basis.

Transport increased by 7.7 percent on annual basis and increased by 1 percent on monthly basis. Restaurants and hotels increased by 14.3 percent on annual change and increased by 0.1 percent on monthly basis.

Released statistics also show that the “local goods” increased by 11.5 percent on annual change and increased by 1.6 percent on monthly basis, while prices of the “imported products” increased by 15.9 percent on annual basis and increased by 2.8 percent on monthly basis.

The prices of the “fresh products” increased by 17.7 percent on annual change and increased by 3.1 percent on monthly basis.

The prices of the “Energy” increased by 17.6 percent on annual change and decreased by 1.3 percent on monthly basis.

Prices are expected to continue rising this month due to revised fuel prices to go into effect from 10th June to 31st July 2022.

The Government of Rwanda has announced that a liter of fuel costs Rwf1460 from Rwf1359 while a liter of Diesel costs Rwf1503 from Rwf1368 in line with adjustments on international market.

The new prices are likely to affect the cost of transport cost and the global supply chain.

Rwanda's inflation has increased by 12.6 percent.