Rwanda Inflation Rate Rose 4.8 Percent in June

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Rwanda’s inflation has risen to 4.8 percent in June 2017, down from 6.5 percent in May 2017.

In June 2017, ‘Food and non-alcoholic beverages’, ‘Housing, water, electricity, gas and other fuels’ and Transport rose by 9.8 percent, 1.5 percent and 4.6 percent respectively.

According to the National Institute of Statistics Rwanda (NISR) “local goods” increased by 4.3 percent on annual change and decreased by 1.1 percent on a monthly basis, while prices of the “imported products” increased by 6.4 percent on annual basis and increased by 0.3 percent on a monthly basis.

The prices of the “fresh products” increased by 6.9 percent on annual change and decreased by 3.8 percent on a monthly basis.

Recent data also indicate that Rwanda’s economy expanded by 1.7 percent in the first quarter of 2017 and  GDP reached Frw 1,584 billion, up from Frw 1,557 billion in the same quarter of the previous year.

Statistics  indicate good performance indicate that service sector contributed 46 percent of GDP, agriculture sector contributed 32 percent while Industrial sector contributed 15 percent of the GDP.

In Q1, 2017, agriculture increased by 3 percent, Food crops increased by 4 percent due to harvest of Season A of 2017.IRegarding emerging industry sector decreased by 1 percent. Within industry, manufacturing activities increased by 7 percent boosted by food processing activities which increased by 13 percent and manufacturing of chemicals, rubber and plastic activities which grew by 28 percent. Construction activities decreased by 7 percent.

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