Relief as Inflation Eases

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By Godfrey Ntagungira

Consumers are set to enjoy cheaper prices on the market after the National Institute of Statistics of Rwanda (NISR) announced a slight decrease in inflation.

Rwanda’s year-on-year inflation eased to 7.7 percent in March from 8.1 percent a month earlier, the National Bureau of Statistics said on Monday.

This is mainly due to the rising prices of „Food and non-alcoholic beverages‟ 16.0 percent, Housing, water, electricity, gas and other fuels 2.5 percent and transport 8.9 percent.

NISR says the monthly CPI increased by 0.6 percent in March 2017. Food and non-alcoholic beverages and housing, water, electricity, gas and other fuels increased by 1.3 percent and 0.8 percent respectively.

The underlying inflation rate (excluding fresh food and energy) was stable when compared to February 2017 and increased by 5.4 percent when compared to March 2016. The annual average underlying inflation rate is 4.7 percent.

Inflation in local goods index increased by 7.3 percent, the imported goods index increased by 9.1 percent, the fresh products index increased by 17.3 percent, the energy index increased by 6.9 percent and the core index or the general index excluding fresh products and energy increased by 5.4 percent.

Other segments worth noting; On a monthly basis, the local goods index increased by 0.8 percent; the imported goods index increased by 0.1 percent, the fresh products index increased by 1.7 percent, the energy index increased by 3.5 percent and the core index was stable compared to February 2017.

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