Rwanda’s inflation rises to 7.4 percent

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A trader sells fruits at Kimironko Market, recently. According to NSR, Annual inflation was driven by high prices of food.

A trader sells fruits at Kimironko Market, recently. According to NSR, Annual inflation was driven by high prices of food.

Rwanda’s inflation rose to 7.4 percent year-on-year in September from 6.9 percent a month earlier, driven by rising food and energy prices, the statistics office said.

Data show the local goods increased the Consumer Price Index Cpi in Rwanda averaged 94.69 Index Points from 2009 until 2016, reaching an all-time high of 114.80 Index Points in September of 2016 and a record low of 79.84.

The statistics body said the local goods index increased by 5.9 percent, the imported goods index increased by 5.6 percent, the fresh products index increased by 1 2.4 percent, the energy index decreased by 0.3 percent and the core index or the general index excluding fresh products and energy increased by 4.8 percent.

The increase means that Rwandans are now spending extra more francs to buy commodities especially food when compared to the same period last year.

The report indicated the monthly CPI increased by 0.5 percent in September 201 6. „Food and non-alcoholic beverages.

The underlying inflation rate (excluding fresh food and energy) increased by 0.5 percent when compared to August 201 6 and increased by 4.8 percent when compared to September 201 5. The annual average underlying inflation rate is 3.3 percent.

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