The annual inflation rate in Rwanda eased to 0.2 percent in April 2019 from 1.1 percent in the prior month. It is the lowest inflation since January, as prices fell further for food & non-alcoholic beverages (-3.1% vs 2.4% in March) and slowed for transport (3% vs 6.7%). Also, cost was flat for housing & utilities (vs 1.1% in March). On a monthly basis, consumer prices went up 0.3 percent, following a 1.1 percent rise in the previous month. Inflation Rate in Rwanda averaged 5.87 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 1.30 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 -1.00 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 5.10 percent in 2020, according to our econometric models.