Inflation rises to 6.4 percent

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The country’s consumer price  index  which is used to gauge inflation increase recorded by 6.4 percent increase  year on year  in November, 2016 up from 2.2  percent in May, driven by  increase in prices of  food.

The national Institute of statics of Rwanda indicated that inflation for food and non- alcoholic beverages increased by 6.4 percent in November 2016 compared to the same month of the previous year.

The statics body also indicated to the rising prices of food and non-alcoholic beverages 13.5 percent, housing water, electricity, gas and other fuels‟ 1.1 percent and „transport‟ 7.5 percent.

The monthly CPI increased by 0.1 percent in November 2016. „Transport‟ increased by 1.5 percent.

The underlying inflation rate (excluding fresh food and energy) increased by 0.5 percent when compared to October 2016 and increased by 5.0 percent when compared to November 2015. The annual average underlying inflation rate is 3.8 percent.

On an annual basis, the local goods index increased by 6.0 percent, the imported goods index increased by 7.7 percent, the fresh products index increased by 13.7 percent, the energy index increased by 1.7 percent and the core index or the general index excluding fresh products and energy increased by 5.0 percent.

On a monthly basis, the local goods index decreased by 0.2 percent; the imported goods index increased by 1.1 percent, the fresh products index decreased by 1.2 percent, the energy index increased by 0.1 percent and the core index increased by 0.5 percent.

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