Food prices push up inflation in September

Share it

Food prices push up inflation in September

Food prices were among the factors that pushed up the country’s inflation in September to 3.7 percent, making consumers to continue digging deep in their pockets to buy a food basket.

The National Institute of Statistics in Rwanda-NISR indicates that ‘Food and non-alcoholic beverages’ increased 5.6 percent in the month of September.

“The Urban CPI increased by 3.7 percent in September 2015 compared to the same month of the previous year,” a statement from the statistics body noted.

Food prices continued to rise since the beginning of the first half of the year which saw   consumers pay more for the same basket.

Also other factors  for the  rise in  consumer price Index, a gauge used to measure  country’s inflation included ‘Alcoholic beverages, tobacco and narcotics’ and Housing, water, electricity, gas and other fuels’ that  increased  10.0 percent and  5.7 percent respectively.

On a monthly basis, consumer price Index rose by 1.1 percent, Food and non-alcoholic beverages’ increasing by 2.6 percent, ‘Housing, water, electricity, gas and other fuels’ rising by 1.5 percent.

“The underlying inflation rate (excluding fresh food and energy) increased by 0.2 percent compared to August 2015 and increased by 2.3 percent when compared to September 2014,” the   statement indicated

On a monthly basis, local goods index rose  by 1.5 percent, imported  goods index increased by  0.1 percent, the fresh products index increased by 4.0 percent while the energy index increased by 3.4 percent. The core index rose by 0.2 percent.

Whilst, the annual average underlying inflation rate is 2.4 percent, local  goods  index rose 4.3 percent, imported goods index rose by 1.8 percent, the fresh products index  increased by 9.0 percent while the energy index increased by 4.4 percent.

Meanwhile, the general index excluding fresh products and energy increased by 2.3 percent.

Tags:

 

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.

More posts by | Visit the site of Ndaka

 

0 Comments

You can be the first one to leave a comment.

Leave a Comment

 




 

 
 

Warning: Illegal string offset 'id' in /home/wp_ts2em7/rwandaeye.com/wp-content/themes/manifesto/footer.php on line 4

Warning: Illegal string offset 'id' in /home/wp_ts2em7/rwandaeye.com/wp-content/themes/manifesto/footer.php on line 4

Warning: Illegal string offset 'id' in /home/wp_ts2em7/rwandaeye.com/wp-content/themes/manifesto/footer.php on line 4