10 January 2023

Rwanda's inflation is 21.6 pct year on year in December 2022

Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 21.6 percent year on year in December 2022 up down 21.7 percent in November 2022.

In December 2022, Food and non-alcoholic beverages increased by 44.3 percent on annual basis and decreased by 1.3 percent on monthly basis. ‘Housing, water, electricity, gas and other fuels’ increased by 9.1 percent on annual basis and increased by 0.3 percent on monthly basis. Transport increased by 12.9 percent on annual basis and decreased by 0.1 percent on monthly basis.

The data also show the “local products” increased by 22.4 percent on annual change and decreased by 0.2 percent on monthly basis, while prices of the “imported products” increased by 19.5 percent on annual basis and increased by 0.5 percent on monthly basis.

The prices of the “fresh products” increased by 50.1 percent on annual change and decreased by 3.5 percent on monthly basis.

The prices of the “energy” increased by 19.9 percent on annual change and decreased by 0.4 percent on monthly basis.

The prices of the “general Index excluding fresh products and energy” increased by 15.4 percent on annual change and increased by 1.1 percent on monthly basis.

By MUTETIJABIRO Lucie