Rwanda Inflation Rises in April on Higher Food Prices

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The country’s consumer price index which is used to gauge inflation increase recorded 7.3 percent increase year on year in April, down from 7.7 percent in March 2017, driven by increase in prices of food.

In April 2017,‘Food and non-alcoholic beverages’, ‘Housing, water, electricity, gas and other fuels’ and Transport rose by 15.8 percent, 2.2 percent and 6.1 percent respectively.

The data also show the “local goods” increased by 7.2 percent on annual change and increased by 0.3 percent on a monthly basis, while prices of the “imported products” increased by 7.4 percent on annual basis and increased by 0.5 percent on a monthly basis.

The prices of the “fresh products” increased by 17.4 percent on annual change and increased by 0.4 percent on a monthly basis.

According to experts inflationary pressures have been experienced across the region and have also been attributed to poor performance in the agriculture sector and increase in crude oil prices.

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