Rwanda's annual inflation rate rose to 2.7 percent in April of 2021 from 1.7 percent in the previous month, reaching its highest level since January. Main upward pressure came from prices of food & non-alcoholic beverages (0.4 percent vs -0.5 percent in March); alcoholic beverages & tobacco (7.3 percent vs 7.2 percent); clothing & footwear (4.8 percent vs 4.3 percent); housing & utilities (5.4 percent vs 2.1 percent) and transport (2.3 percent vs 2.2 percent). On a monthly basis, consumer prices went down 0.9 percent, after a 1.4 percent rise in the previous month. source: National Institute of Statistics of Rwanda
Inflation Rate in Rwanda averaged 5.96 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 June of 2021.
Inflation Rate in Rwanda is expected to be 2.50 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 3.80 in 12 months time. In the long-term, the Rwanda Inflation Rate is projected to trend around 4.50 percent in 2022 and 5.00 percent in 2023, according to our econometric models.