Rwanda's annual inflation rate rose further to 11.9 percent in December 2019, its highest level since April 2017, from 11.8 percent in the previous month. Prices remained elevated for food & non-alcoholic beverages (23.8 percent, the same pace as in November), especially vegetables (35.1 percent vs 36.1 percent) and bread & cereals (24.9 percent vs 22.9 percent), amid continued shortages of commodities such as beans, peas and maize as a result of a lean season and also due to heavy rains over the past few months. Also, meat prices were higher (20.3 percent vs 19.2 percent) mainly attributable to the festive season. Additional upward pressure came mostly from alcoholic beverages & tobacco (22.9 percent vs 19.1 percent); housing & utilities (1.5 percent vs 1.4 percent) and transport (1 percent vs 0.9 percent). On a monthly basis, consumer prices declined 0.8 percent, after rising 3.8 percent in the prior month
Inflation Rate in Rwanda averaged 5.84 percent from 1997 until 2019, reaching an all time high of 28.10 percent in February of 1998 and a record low of -15.80 percent in February of 1999. This page provides - Rwanda Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Institute of Statistics of Rwanda
Inflation Rate in Rwanda is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Rwanda to stand at 7.00 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 4.50 percent in 2020, according to our econometric models.