Rwanda's overall annual inflation came in at 10.8 percent in September of 2020, little-changed from 10.9 percent in August, amid a slight slowdown in prices of food & non-alcoholic beverages (15.1 percent vs 15.5 percent in August) and alcoholic beverages & tobacco (20.4 percent vs 24.6 percent). On the other hand, costs advanced faster mostly for transport (22.7 percent vs 22.2 percent); housing & utilities (4.5 percent vs 3.3 percent); clothing & footwear (5.2 percent vs 4.8 percent) and furnishings (2.5 percent vs 2.1 percent). On a monthly basis, consumer prices inched up 1.6 percent, the most since March, after increasing 1.2 percent in the previous month.
Inflation Rate in Rwanda averaged 6.01 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 October of 2020. source: National Institute of Statistics of Rwanda
Inflation Rate in Rwanda is expected to be 10.50 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 9.00 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 8.50 percent in 2021 and 6.80 percent in 2022, according to our econometric models.