Producer prices in Rwanda decreased 1.5 percent year-on-year in the third quarter of 2018, following a 0.1 percent decline in the previous period. It was the biggest fall in producer prices since the first quarter of 2014, as cost of manufacturing dropped further (-5.2 percent compared to -2.8 percent in Q2), namely food products (-10.1 percent compared to -7.0 percent), beverages (0.2 percent compared to 2.0 percent) and rubber and plastic (-3.6 percent compared to -3.1 percent). Additionally, prices of mining and quarrying slowed (8.7 percent compared to 22.9 percent). On the other hand, cost of electricity, gas, steam and air conditioning supply rose (21.8 percent compared to a flat reading). On a quarterly basis, producer prices went down 0.5 percent, after declining 0.4 percent in the prior period. Producer Prices Change in Rwanda averaged 1.84 percent from 2012 until 2017, reaching an all time high of 11.60 percent in the second quarter of 2017 and a record low of -3.73 percent in the fourth quarter of 2013.
Producer Prices Change in Rwanda is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Rwanda to stand at 3.35 in 12 months time. In the long-term, the Rwanda Producer Prices Change is projected to trend around 5.50 percent in 2020, according to our econometric models.