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.