Consumer prices in Rwanda declined 1.0 percent year-on-year in November 2018, following a 3.4 percent fall in the previous month. It is the third consecutive month of deflation, as prices fell for food & non-alcoholic beverages (-9.2 percent vs -14.2 percent) and recreation & culture (-1.1 percent vs -1.0 percent). Meantime, inflation softened for housing & utilities (9.1 percent vs 9.3 percent); transport (9.6 percent vs 9.9 percent) and alcoholic beverages, tobacco & narcotics (2.4 percent vs 2.6 percent). In contrast, cost rose faster for furnishings & household equipment (2.8 percent vs 2.6 percent) and restaurants & hotels (0.9 percent vs 0.3 percent). On a monthly basis, consumer prices went down 0.5 percent after decreasing 1.1 percent in the previous month. Inflation Rate in Rwanda averaged 5.97 percent from 1997 until 2018, 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.
Inflation Rate in Rwanda is expected to be 2.00 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 -5.60 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.