Rwanda's annual inflation rate eased for the sixth straight month to 3.5 percent in January of 2021, reaching its lowest level since August of 2019. Prices slowed down mainly for food & non-alcoholic beverages (3.4 percent vs 4 percent in December); alcoholic beverages & tobacco (3.2 percent vs 5.4 percent); clothing & footwear (4.7 percent vs 5.8 percent) and furnishings (5.1 percent vs 5.8 percent). On a monthly basis, consumer prices were down 0.8 percent, after decreasing 1.3 percent in the previous month. source: National Institute of Statistics of Rwanda
Inflation Rate in Rwanda averaged 6 percent from 1997 until 2021, 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. Rwanda Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Rwanda is expected to be 4.50 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 6.50 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 6.80 percent in 2022, according to our econometric models.