10 November 2022

Rwanda's inflation is 20.1 pct year on year in October 2022

Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 20.1 percent year on year in October 2022 up from 17.6 percent in September 2022.

In October 2022, Food and non-alcoholic beverages increased by 39.7 percent on annual basis and increased by 5.3 percent on monthly basis. ‘Housing, water, electricity, gas and other fuels’ increased by 8.9 percent on annual basis and increased by 1.3 percent on monthly basis. Transport increased by 13.6 percent on annual basis and decreased by 0.4 percent on monthly basis. Restaurants and hotels increased by 18.6 percent on annual change and increased by 0.9 percent on monthly basis.

The data also show the “local products” increased by 20.1 percent on annual change and increased by 3.4 percent on monthly basis, while prices of the “imported products” increased by 20 percent on annual basis and increased by 0.6 percent on monthly basis.

The prices of the “fresh products” increased by 42.4 percent on annual change and increased by 7.5 percent on monthly basis.

The prices of the “energy” increased by 22.3 percent on annual change and increased by 2.4 percent on monthly basis.

The prices of the “general Index excluding fresh products and energy” increased by 14.4 percent on annual change and increased by 1.4 percent on monthly basis.

By MUTETIJABIRO Lucie