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. source: National Institute of Statistics of Rwanda

Inflation Rate in Rwanda averaged 5.87 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 September of 2021.

Inflation Rate in Rwanda is expected to be -2.00 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 5.60 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

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Rwanda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -1.10 28.10 -15.80 1997 - 2021 percent Monthly
2014M2=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-18 09:00 AM May 0.4% 2.7% 2.3%
2021-07-12 01:30 AM Jun 0.1% 0.4% 0.6%
2021-08-10 09:00 AM Jul -1.1% 0.1% 0.3%
2021-09-10 08:25 AM Aug -1.8% -1.1% -1.3%
2021-10-11 11:00 AM Sep -1.8% -2%
2021-11-10 10:15 AM Oct -1.6%
2021-12-10 09:00 AM Nov 0.3%


News Stream
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 Consumer Prices Fall for 1st Time since 2019
Consumer prices in Rwanda decreased 1.1 percent year-on-year in July of 2021, after a 0.1 percent uptick in June, marking the first month of deflation since May of 2019. Downward pressure came from prices of transport (-15.8 percent vs -16.1 percent in June) and food & non-alcoholic beverages (-3.5 percent vs -1.5 percent), on account of vegetables (-10.7 percent).and bread & cereals (-3.4 percent). On a monthly basis, consumer prices went down 0.3 percent, after being flat in the previous month.
2021-08-11
Rwanda Inflation Rate at Near 2-Year Low of 0.1%
The annual inflation rate in Rwanda declined to 0.1% in June of 2021 from 0.4% in the prior month, reaching its lowest level since May of 2019. Prices fell faster transport (-16.1% vs -15.5% in May) and food & non-alcoholic beverages (-1.5% vs -1%), on account of bread & cereals (-3.7%) and vegetables (-8.0%). In addition, inflation slowed mostly for alcoholic beverages & tobacco (5.3% vs 6.3%), clothing & footwear (4.6% vs 5.3%) and furnishing, household equipment and routine household maintenance (5.6% vs 6.0%). On a monthly basis, consumer prices were unchanged, after a 1.6% drop in the previous month.
2021-07-12
Rwanda May Inflation Rate Hits 2-Year Low
The annual inflation rate in Rwanda decelerated sharply to 0.4% in May of 2021 from 2.7% in the prior month, reaching its lowest level since May of 2019. Prices fell for transport (-15.5% vs 2.3% in April) and food & non-alcoholic beverages (-1% vs 0.4%), on account of bread & cereals (-6.7%) and vegetables (-6.5%). In addition, inflation slowed mostly for alcoholic beverages & tobacco (6.3% vs 7.3%) and housing & utilities (3.7% vs 5.4%). On a monthly basis, consumer prices fell 1.6%, following a 0.9% decrease in the previous month.
2021-06-18

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. .