Food prices stable during festive season

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Foodstuffs being sold in one of the Kigali markets.

Foodstuffs being sold in one of the Kigali markets.

Food prices have recorded stability during the festive season, despite earlier fears that the prices are likely to escalate with the rise leaping over to the first half of 2016.

The seasonal price changes started in the second half the year with a sharp rise recorded in the third quarter of 2015 which forced consumers to dig deep in their pockets to purchase same food basket.

“We were so pessimistic about the stability of food prices considering the variation it has gone through this year,” said Job Opar, a consumer rights protection expert while speaking to this website on Friday.

The stability, Opar says is attributed to the stable supply that was able to meet the demand mainly of foods stuffs during the festive season but added that the demand did not rise compared to 2014.

“The demand was moderate, either people bought some foods earlier before the start of the festive season or most households did not spend much during the season,” he noted.

Accordingly, prices of main foods; Irish potatoes, rice, cassava flour, meat, chicken, onions vegetables remained stable with a slight  increase in fruits such as water melon and passion fruits that added Rwf 100 and Rwf 150 respectively.

In a mini survey conducted by this website in the markets of Kimironko, Nyarugenge and Zinia in Kigali indicated stability with lukewarm sales compared to the 2014/2015 festive season.

“We were expecting to make more money but People were buying normally, it is not like the previous season,” said Claude Uwimpuhwe, a fresh vegetable seller in Kimironko.

The seasonal food price variations contributed to the rise in the inflation levels with Central Bank recording headline inflation at 4.8 percent rising from 2.9 percent in October and 3.7 percent in September, 2015.



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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