Rwanda's annual inflation rate rose to 4.6 percent in September 2019 from 2.8 percent in the previous month. This is the highest inflation rate since October 2017, as prices increased faster mostly for food & non-alcoholic beverages (8.2 percent vs 3.7 percent in August), namely bread and cereals (13.5 percent vs 11 percent) and vegetables (8.6 percent vs 1.0 percent). Additional upward pressure came from alcoholic beverages, tobacco & narcotics (3.7 percent vs 3.4 percent); restaurants & hotels (1.3 percent vs 1.0 percent); miscellaneous goods & services (3.2 percent vs 3.1 percent); recreation & culture (5.9 percent vs 5.4 percent) and furnishings (4.7 percent vs 4.5 percent). Meanwhile, cost slowed for housing & utilities (0.3 percent vs 0.5 percent) and clothing & footwear (7.4 percent vs 7.5 percent). Transport inflation was steady at 1.3 percent. On a monthly basis, consumer prices went up 1.6 percent, down from a 1.8 percent rise in the previous month. Inflation Rate in Rwanda averaged 5.79 percent from 1997 until 2019, 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 2.30 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 2.50 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.