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.