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.

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Rwanda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.90 28.10 -15.80 1997 - 2021 percent Monthly
2014M2=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-10 10:15 AM Oct 9.3% 10.8% 10.7%
2020-12-10 08:15 AM Nov 4.5% 9.3% 9.7%
2021-01-11 08:00 AM Dec 3.9% 4.5% 4.2%
2021-02-10 08:00 AM Jan 3.5% 3.9% 4.3%
2021-03-10 09:00 AM Feb 3.5%
2021-04-09 09:00 AM Mar 4.5%
2021-05-10 08:30 AM Apr
2021-06-10 09:00 AM May


News Stream
Rwanda January Inflation Rate at Near 1-1/2-Year Low
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.
2021-02-10
Rwanda December Inflation Rate at Near 1-1/2-Year Low
Rwanda's annual inflation rate eased for the fifth straight month to 3.9 percent in December of 2020, reaching its lowest level since August of 2019. Prices slowed down mainly for food & non-alcoholic beverages (4 percent vs 4.9 percent in November); alcoholic beverages & tobacco (5.4 percent vs 6.7 percent) and transport (1.1 percent vs 1.5 percent). On a monthly basis, consumer prices decreased 1.3 percent, after falling 0.8 percent in the previous month.
2021-01-11
Rwanda November Inflation Rate at Over 1-Year Low
Rwanda's annual inflation rate fell to 4.5 percent in November of 2020 from 9.3 percent in the prior month. It as the lowest inflation rate since August of 2019, amid a sharp slowdown in prices of food & non-alcoholic beverages (4.9 percent vs 13.8 percent in October); transport (1.5 percent vs 11.2 percent) and alcoholic beverages & tobacco (6.7 percent vs 17 percent). On a monthly basis, consumer prices decreased 0.8 percent, after being flat in the previous month.
2020-12-11
Rwanda Inflation Rate Slows to 1-Year Low in October
Rwanda's annual inflation rate fell to 9.3 percent in October 2020 from 10.8 in the previous month. It was the lowest inflation rate since October last year, as prices eased for food & non-alcoholic beverages (13.8 percent vs 15.1 percent in September); housing & utilities (4.4 percent vs 4.5 percent); transport (11.2 percent vs 22.7 percent); alcoholic beverages & tobacco (17 percent vs 20.4 percent); miscellaneous goods & services (3 percent vs 3.2 percent); and recreation & culture (2.4 percent vs 3.3 percent). Meanwhile, cost advanced further for clothing & footwear (5.3 percent vs 5.2 percent); furnishings (5.4 percent vs 2.5 percent); and restaurants & hotels (1 percent vs 0.9 percent). On a monthly basis, consumer prices were unchanged.
2020-11-10

Rwanda Inflation Rate
In Rwanda, the two main components of the consumer price index are: Food and Non-Alcoholic Beverages (39 percent of total weight) and Housing and Utilities (18.3 percent). Others include: Transport (7.7 percent); Alcoholic Beverages and Tobacco (6.8 percent); Restaurants and Hotels (6.4 percent); Clothing and Footwear (5.3 percent) and Miscellaneous Goods and Services (5.2 percent). Household Contents, Equipment and Maintenance, Communication, Recreation and Culture, Education and Health account for the remaining 11.3 percent of total weight. .