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.