Rwanda’s Inflation Rises to 7.1 Percent

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By Leonard Nshimiyimana

Rwanda’s economy has seen prices of household basic goods and services rise in September up to 7.1 per cent compared to 6.1 per cent in the same month last year.

According to Consumer Price Index (CPI), a monthly survey by National Institute of Statistics of Rwanda (NISR), in September the country experienced increase in prices of household basic goods and services.

“The food and non-alcoholic beverages, housing, water, electricity, gas and other fuels and transport rose by 8.3 percent, 2.4 percent and 1.5 percent respectively,” NISR’s statistics indicate.

Bonifride Muhoza, vegetables retailer from Kanombe market told Rwanda Eye that food commodities are in short supply at market and thus very expensive.

“I went to Nyabugogo wholesale market to realize that the price of carrots doubled to Rwf 400 from Rwf 200 in last two months while tomatoes increased to Rwf 600 from Rwf 300 in the same period of time. This has never happened,” said Muhoza.

According to NISR’s data, vegetables increased by 1.1 per cent compared to August and 2 per cent compared to the same period in the previous year.

Transport affects directly the rise of food commodities prices at local market. Beginning of September, Rwanda Utilities Regulatory Authority (RURA) announced new prices of fuel where petrol rose to Rwf 954 from Rwf 935 per liter and Rwf 993 from Rwf 969 per liter.

The rural CPI rose to 8.9 percent on an annual basis and increased by 1.9 percent on a monthly basis while the urban CPI went up by 3.8 percent compared to the same month in the previous year and increased by 1.1 percent compared to the last month.

 

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