Producer prices in Rwanda soared 17.25 percent year-on-year in July 2019, following a 11.85 percent jump in the previous month. It is the highest producer inflation since at least December 2011, as prices remained elevated for water supply, sewerage, waste management and remediation activities (at 90.59 percent) and electricity, gas, steam and air conditioning (at 32.73 percent). In addition, cost rebounded for manufacturing (5.38 percent vs -1.62 percent) while fell less for mining & quarrying (-12.70 percent vs -15.28 percent). On a monthly basis, producer prices inched up 2.84 percent, after decreasing 0.96 percent in the previous month. Producer Prices Change in Rwanda averaged 2.63 percent from 2011 until 2019, reaching an all time high of 17.25 percent in July of 2019 and a record low of -4.44 percent in September of 2013.
Producer Prices Change in Rwanda is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Rwanda to stand at 5.00 in 12 months time. In the long-term, the Rwanda Producer Prices Change is projected to trend around 3.20 percent in 2020, according to our econometric models.