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.

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Rwanda Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 12:00 PM Apr 10.5% 5.6% 6%
2022-06-10 08:00 AM May 14.8% 10.5% 12%
2022-07-10 08:00 AM Jun 14.8% 15%


Related Last Previous Unit Reference
Inflation Rate 14.80 10.50 percent May 2022
Core Inflation Rate 4.10 3.20 percent May 2022
Food Inflation 23.80 13.20 percent May 2022
Inflation Rate Mom 2.10 3.70 percent May 2022
CPI Transportation 130.37 129.49 points May 2022
CPI Housing Utilities 142.74 145.44 points May 2022
GDP Deflator 120.00 114.00 points Mar 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
14.80 10.50 28.10 -15.80 1997 - 2022 percent Monthly
2014M2=100, NSA

News Stream
Rwanda Inflation Rate at Over 13-Year High
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.
2022-06-13
Rwanda Inflation Rate at Over 1-1/2-Year High
The annual inflation rate in Rwanda climbed to 10.5% in April of 2022, up from 5.6% in the previous month. It was the steepest inflation rate since September of 2020, mainly boosted by prices of furnishings (14.2%); restaurants & hotels (13.4%); food & non-alcoholic beverages (13.2%) and housing & utilities (13.1%). On a monthly basis, consumer prices surged 3.7%, following a 2.8% increase in the previous month.
2022-05-10
Rwanda Inflation Rate at Near 1-1/2-Year High
The annual inflation rate in Rwanda accelerated to 5.6% in March of 2022 from 4.2% in the previous month. It was the highest inflation rate since October of 2020, mainly pushed up by prices of housing & utilities (13.0%), restaurants and hotels (12.7%), furnishings (12.5%) and food & non-alcoholic beverages (2.6%). On a monthly basis, consumer prices were up 2.8%, after a 3.3% rise in February, which was the highest increase since September of 2013.
2022-04-11