Food Price Increase By 4.8% In Rwanda Ahead Of Festive Season

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Vegetable traders attending to their stalls at a market in Kigali

Vegetable traders attending to their stalls at a market in Kigali

Rwanda’s consumer price index (CPI) increased by 4.8% last month following the rise in prices of food and non alcoholic beverages, transport, fuel, housing and utilities.

According to the national institute of statistics (NISR) report published on December 9, the month of November experienced a sharp rise in CPI (4.8%) compared to 2.9% recorded in October, 2015.

“The year on year inflation for food and non- alcoholic beverages, housing, water, electricity, gas and other fuels and transport  in November 2015 reached 10.5, 3.6 and 2.0% respectively,” says the NISR report.

Domestic goods  inflation reached at 6.1% year on year while the imported products inflation remained low at 1% year on year.

From October 2015 to November 2015,  prices for local goods rose by 1.6% whereas imported products prices marginally fell by 0.2%.

Emmanuel Nyirishema a trader told KT Press that from October through November there was a high rise in food prices;  “a kilogram of beans rose from Rwf400 to current Rwf650,” he said attributing the rise in prices to low harvest in previous season.

“Traders from across Uganda have been massively purchasing maize in Rwanda and this facilitated the rise in pricing from Rwf250/kg to Rwf330/Kg,” He added

Prices for fresh products, particularly, are experiencing a hike year on year at 16.5% in November 2015, amid an upswing in month on month of 3.2%.

This evolution of fresh product prices has significantly affected CPI in November 2015.

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source: NISR

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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