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. source: National Institute of Statistics of Rwanda

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 December of 2020.

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.

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Rwanda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.30 10.80 28.10 -15.80 1997 - 2020 percent Monthly
2014M2=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-10 08:00 AM Jul 11.5% 10.3% 8.3%
2020-09-10 08:00 AM Aug 10.9% 11.5% 12%
2020-10-10 11:00 AM Sep 10.8% 10.9% 10%
2020-11-10 10:15 AM Oct 9.3% 10.8% 10.7%
2020-12-10 09:00 AM Nov 9.3% 9.7%
2021-01-11 08:25 AM Dec
2021-02-10 08:05 AM Jan
2021-03-10 09:00 AM Feb


News Stream
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 September Inflation Rate Drops Marginally to 10.8%
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.
2020-10-10
Rwanda August Inflation Rate Ticks Down to 10.9%
Rwanda's overall annual inflation eased slightly to 10.9% in August of 2020 from 11.5% in the prior month. Prices slowed mostly for food and non-alcoholic beverages (15.5% vs 17.3% in July); transport (22.2 percent vs 22.8 percent); miscellaneous goods & services (3.1% vs 5%) and recreation & culture (3.1% vs 3.8%). In contrast, cost advanced faster for housing & utilities (3.3% vs 2.6%). Inflation decreased in both rural areas (12.4% vs 13.2%) and urban areas (8.8% vs 9.2%). On a monthly basis, consumer prices increased 1.2%, slightly above a 1% rise in the prior month.
2020-09-11
Rwanda July Inflation Rate at 4-Month High of 11.5%
Rwanda's overall annual inflation climbed further to 11.5 percent in July of 2020 from 10.3 percent in the previous month. It was the highest inflation rate since March, mainly pushed up by prices of food & non-alcoholic beverages (17.3 percent vs 14.3 percent in June). On the other hand, inflation slowed mostly for transport (22.8 percent vs 23.3 percent) and housing & utilities (2.6 percent vs 2.7 percent). Inflation remained higher in rural areas (13.2 percent vs 11.2 percent) than in urban areas (9.2 percent vs 9 percent). On a monthly basis, consumer prices inched up 1 percent, after increasing 0.2 percent in the prior month.
2020-08-10

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. .