Rwanda's inflation is 2 pct year on year in March 2021
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 2 percent year on year in March 2021 up from 1.6 percent in February 2021.
Covid 19 and its impact on Labour force in Rwanda
According to the Labour Force Survey results of November 2020(Q4), the unemployment rate in Rwanda was 20.3 percent compared to 16.0 percent in August 2020(Q2); indicating an increase of 4.3 percentage points A higher increase was observed among males (5.6 percentage points) as compared to females (2.7 percentage points). The comparison of unemployment rate of May 2020 and the one of November 2020, reveals that it decreased among both males and females with a higher decrease among females (2.6 percentage point) as compared to males (1.0 percentage points)
In 2020, Rwanda's GDP drop by 3.4% following Covid-19 pandemic outbreak
In 2020, COVID-19 had a profound impact on Rwandan economy. In addition to the public health challenge, COVOD-19 had also severely affected many economies following measures that were and are still being implemented to contain the spread of the virus.
Apart from the 1st Quarter that was not hit hard by the pandemic, the remaining 3 Quarters recorded negative growths:
Rwanda's CPI is 1.6 pct year on year in February 2021
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 1.6 percent year on year in February 2021 down from 2.8 percent in January 2021.
Rwanda's CPI is 2.8 pct year on year in January 2021
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 2.8 percent year on year in January 2021 down from 3.7 percent in December 2020.
Rwanda's CPI is 3.7 pct year on year in December 2020
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 3.7 percent year on year in December 2020 down from 4.2 percent in November 2020.
Rwanda's CPI is 4.2 pct year on year in November 2020
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 4.2 percent year on year in November 2020 down from 7.2 percent in October 2020.
Rwanda's CPI is 7.2 pct year on year in October 2020
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 7.2 percent year on year in October 2020 down from 8.9 percent in September 2020.
COVID-19 and its impact on Labour force in Rwanda
Source: NISR, LFS_2017-2020
Rwanda's CPI is 8.9 pct year on year in September 2020
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 8.9 percent year on year in September 2020 up from 8.8 percent in August 2020.