Rwanda's overall annual inflation decreased to 10.1 percent in April of 2020 from 13.1 percent in the previous month. It was the lowest inflation rate since last October, as food & non-alcoholic beverages inflation eased to a six-month low of 18.7 percent (vs 24.1 percent in March), especially vegetables (23.5 percent vs 35.3 percent). Also, inflation slowed for both housing & utilities (1.2 percent vs 5.9 percent) and transport (2.2 percent vs 2.4 percent). On a monthly basis, consumer prices fell 1.8 percent, the first decline since January, following a 1.9 percent gain in the previous month.
Inflation Rate in Rwanda averaged 5.91 percent from 1997 until 2020, 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 June of 2020. source: National Institute of Statistics of Rwanda
Inflation Rate in Rwanda is expected to be 8.40 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 5.80 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 6.00 percent in 2021 and 5.00 percent in 2022, according to our econometric models.