10 June 2024

Rwanda's inflation is 5.8 percent year on year in May 2024

Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 5.8 percent year on year in May 2024 up from 4.5 percent in April 2024.

In May 2024, ‘Food and non-alcoholic beverages’ increased by 4.7 percent on annual basis and it decreased by 0.8 percent on monthly basis. Transport increased by 24.7 percent on annual basis and it increased by 0.6 percent on monthly basis.

The data also show the “local products” increased by 4.3 percent on annual change and it increased by 0.3 percent on monthly basis, while prices of the “imported products” increased by 10.6 percent on annual basis and it decreased by 0.8 percent on monthly basis.

The prices of the “fresh products” increased by 3.2 percent on annual change and it increased by 0.6 percent on monthly basis.

The prices of the “energy” increased by 5.8 percent on annual change and it increased by 2 percent on monthly basis.

The prices of the “general Index excluding fresh products and energy” increased by 6.7 percent on annual change and it decreased by 0.4 percent on monthly basis.

By MUTETIJABIRO Lucie