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.

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Rwanda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.10 13.10 28.10 -15.80 1997 - 2020 percent Monthly
2014M2=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 08:05 AM Jan 11.5% 11.9% 12%
2020-03-10 09:00 AM Feb 13.5% 11.5% 10.7%
2020-04-10 09:00 AM Mar 13.1% 13.5% 14%
2020-05-10 08:30 AM Apr 10.1% 13.1% 12.7%
2020-06-10 08:00 AM May 10.1% 9.5%
2020-07-10 08:00 AM Jun 8.4%
2020-08-10 08:00 AM Jul
2020-09-10 08:20 AM Aug
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Rwanda Inflation Rate Slows to 6-Month Low
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.
2020-05-10
Rwanda Inflation Rate Slows to 13.1% in March
Rwanda's overall annual inflation decreased to 13.1 percent in March of 2020 from 13.5 percent in the previous month. Cost slowed for food & non-alcoholic beverages (24.1 percent vs 26.6 percent in February), especially vegetables (35.3 percent vs 38 percent), mainly attributed to the ongoing plague of desert locusts which caused damage in maize crops. On the other hand, inflation picked up for housing & utilities (5.9 percent vs 3.5 percent), amid the recent hike in electricity tariffs for large residential customers and industries. Meantime cost advanced at the same pace for transport (2.4 percent). On a monthly basis, consumer prices inched up 1.9 percent, following a 1.7 percent gain in the previous month.
2020-04-10
Rwanda February Inflation Rate at Near 11-Year High of 13.5%
Rwanda's overall annual inflation rose to 13.5 percent in February of 2020 from 11.5 percent in the previous month. The rate was the highest since March of 2009, prompted by prices of food & non-alcoholic beverages (26.6 percent vs 22.2 percent in January), especially vegetables (38 percent vs 31.6 percent), mainly attributed to the ongoing plague of desert locusts which caused damage in maize crops. Also, inflation picked up for housing & utilities (3.5 percent vs 1.6 percent), amid the recent hike in electricity tariffs for large residential costumers and industries. Meantime, cost advanced at the same pace for transport (2.4 percent). On a monthly basis, consumer prices inched up 1.7 percent, reversing a 0.4 percent drop in the previous month.
2020-03-10
Rwanda Inflation Rate Drops to 11.5% in January
Rwanda's overall annual inflation edged down to 11.5 percent in January 2020 from 11.9 percent in the previous month. Prices slowed mostly for food & non-alcoholic beverages (22.2 percent vs 23.8 percent in December), especially vegetables (31.6 percent vs 35.1 percent) and bread & cereals (23.8 percent vs 24.9 percent), as more favourable maize prices were set at the onset of harvest season which started mid-January. In contrast, cost rose faster for alcoholic beverages & tobacco (23.5 percent vs 22.9 percent); clothing & footwear (7 percent vs 6.6 percent); transport (2.4 percent vs 1 percent) and housing & utilities (1.6 percent vs 1.5 percent), after the government raised electricity tariffs for large residential costumers and industries. On a monthly basis, consumer prices went down 0.4 percent compared to a 0.8 percent decrease in the previous month.
2020-02-10

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. .