Rwanda’s CPI up 3.0 percent in August

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Rwanda’s consumer price Index, the main gauge of inflation has increased by 3.0 percent year on year in August, 2015 up from 2.3 percent in July, 2015.

The increase according to national Institute of statistics of Rwanda-NISR was a result of an increase in food and non- alcoholic beverages that increased by 3.2 percent.

“The Urban CPI increased by 3.0 percent on annual basis and increased by 0.9 percent on a monthly basis. The annual average rate between August 2015 and August 2014 is 1.5 percent,” a statement from the statistics on Thursday indicated.

While also the prices for alcoholic beverages tobacco and narcotics increased by 9.9 percent, housing water, electricity, gas and other fuels increased 4.5 percent while Transport rose 2.0 percent.

“The underlying inflation rate (excluding fresh food and energy) was almost stable (-0.01%) in August2015 and increased by 2.7 percent when compared to August 2014,” the statement   further noted.

The statistics body further notes that the annual average underlying inflation rate stood at 2.5 percent.

On annual basis, the statement says local goods increased by 3.1 percent while imported goods index rose by 3.0 percent with fresh products index rose 5.1 percent and the energy index increased by 1.9 percent.

“The core index or the general index excluding fresh products and energy increased by 2.7 percent,’ the statement explains.

On the other hand, local goods  index , imported goods index, the fresh products index and the energy index increased  by 1.2 percent,0.3 percent, 5.0 percent and  1.1 percent respectively while core index  recorded stability  at -0.01 percent.

 

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.

More posts by | Visit the site of Ndaka

 

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