Inflation falls to 0.2 in September

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m_Inflation falls to 0

Rwanda’s Consumer Price Index (CPI), main gauge of inflation has risen 0.2 percent year on year in September, down from 0.9 percent in August, the National Institute of Statistics said on its website.

In September, clothing and footwear rose by 8.7 percent while Education was up by 7.1 percent. Restaurants and hotels were also on the rise experiencing a 5.8 percent increase in a period where the franc has struggled against notable currencies such as the dollar, pound and Japanese yen.

The data also shows the price local products decreased by 0.2 percent on annual change and it is increased by 0.3 percent on a monthly basis citing increased demand and confidence in local produce by consumers.

There was also a 2.1 percent increase in prices of the imported products on annual change with a monthly change of 1.2 percent from August.

The prices of fresh products had a negative annual change of 11.3 percent between September 2014 and September 2013 thus confirming the increased demand for fresh products.

 

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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