The annual inflation rate in Rwanda climbed to 14.8 percent in May of 2022 from 10.5 percent in the previous month. It was the highest inflation rate since March of 2009, underpinned by higher prices of food & non-alcoholic beverages (23.8 percent vs 13.2 percent in April); furnishings and household equipment (16.3 percent vs 14.2 percent); and transport (5.9 percent vs 5.4 percent). On a monthly basis, consumer prices rose 2.1 percent, slowing from a 3.7 percent rise in the previous month. source: National Institute of Statistics of Rwanda
Inflation Rate in Rwanda averaged 5.78 percent from 1997 until 2022, 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 2022.
Inflation Rate in Rwanda is expected to be 15.00 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 8.00 percent in 2023 and 6.00 percent in 2024, according to our econometric models.