Rwanda’s Inflation Rises to 8.1 Percent

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Rwanda’s annual inflation rate rose by almost one percentage point to 8.1 per cent last month, up from 7.3 per cent, the NISR monthly consumer price index (CPI) report indicates.

The statistics body said in a report released this Friday shows that the increase was mainly driven by the continuing increase in food and non-alcoholic beverage prices over the reporting period.

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

According to NISR the monthly CPI increased by 1.1 percent in February 2017. „Food and non-alcoholic beverages‟ and „Housing, water, electricity, gas and other fuels‟ rose by 1.9 percent and 0.8 percent respectively.

The underlying inflation rate (excluding fresh food and energy) increased by 0.5 percent when compared to January 2017 and increased by 5.6 percent when compared to February 2016. The annual average underlying inflation rate is 4.5 percent.

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