Consumer prices in Rwanda fell 3.3 percent year-on-year in October of 2021, following a 3.2 percent decrease in September. It marks the fourth consecutive month of deflation and at the steepest rate since October of 2018, led by prices of food & non-alcoholic beverages (-10.6 percent vs -8.4 percent in September), amid a bumper harvest of some agricultural goods such as tomatoes; and transport (-6 percent vs -14.9 percent). On a monthly basis, consumer prices edged down 0.1 percent, after increasing 0.2 percent in the previous month. source: National Institute of Statistics of Rwanda

Inflation Rate in Rwanda averaged 5.81 percent from 1997 until 2021, 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 2021.

Inflation Rate in Rwanda is expected to be -3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Rwanda Inflation Rate is projected to trend around 4.80 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

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Rwanda Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-10 08:30 AM Sep -3.2% -1.8% -2%
2021-11-10 08:00 AM Oct -3.3% -3.2% -2%
2021-12-10 08:00 AM Nov -3.3% -3.6%


Related Last Previous Unit Reference
Inflation Rate -3.30 -3.20 percent Oct/21
Core Inflation Rate 2.00 2.20 percent Oct/21
Food Inflation -10.60 -8.40 percent Oct/21
Inflation Rate Mom -0.10 0.20 percent Oct/21
CPI Transportation 124.27 123.85 points Oct/21
CPI Housing Utilities 128.99 129.32 points Oct/21
GDP Deflator 109.00 111.00 points Jun/21

News Stream
Rwanda CPI Falls for 4th Month
Consumer prices in Rwanda fell 3.3 percent year-on-year in October of 2021, following a 3.2 percent decrease in September. It marks the fourth consecutive month of deflation and at the steepest rate since October of 2018, led by prices of food & non-alcoholic beverages (-10.6 percent vs -8.4 percent in September), amid a bumper harvest of some agricultural goods such as tomatoes; and transport (-6 percent vs -14.9 percent). On a monthly basis, consumer prices edged down 0.1 percent, after increasing 0.2 percent in the previous month.
2021-11-10
Rwanda Consumer Prices Fall the Most since 2018
Consumer prices in Rwanda fell 3.2 percent year-on-year in September of 2021, following a 1.8 percent slump in August. It was the largest decrease in consumer prices since October of 2018. Main downward pressure came from food and non-alcoholic beverages (-8.4 percent vs -5.7 percent in August) on account of vegetables (-18.8 percent vs -13.4 percent); and transport (-14.9 percent vs -14.5 percent). On a monthly basis, consumer prices edged up 0.2 percent, after a 0.5 percent rise in the previous month.
2021-10-11
Rwanda's Consumer Deflation Deepens in August
Consumer prices in Rwanda fell 1.8 percent year-on-year in August of 2021, following a 1.1 percent slump in July. That was the biggest decrease in consumer prices since October of 2018. Main downward pressure came from prices of food & non-alcoholic beverages (-5.7 percent vs -3.5 percent in July), on account of vegetables (-13.4 percent vs -10.7 percent), and transport (-14.5 percent vs -15.8 percent). On a monthly basis, consumer prices edged up 0.5 percent, after a 0.3 percent downtick in the prior month.
2021-09-10

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. .