02 May 2014

Rwanda's CPI rises 3.43 pct year on year in March 2014

Rwanda's consumer price index (CPI), a main gauge of inflation, grew 3.43 percent year on year in March 2014, due to the rising prices of Food and non alcoholic beverages (5.24), Restaurants and hotels (10.32) and Education (7.07).

It is said the underlying inflation rate (excluding fresh food and energy) increased by 0.00% if compared to the previous month and increased by 2.64% on annual change while the annual average underlying inflation rate is + 3.4 % in March 2014 down from the previous month 3.6%.

The 'local goods' increased by 3.84 on annual change with a monthly change of +0.90, while prices of the imported products increased by 1.71 on annual change with a monthly change of -0.21.

The prices of the fresh products had a positive annual change of 8.30 between March 2014 and March 2013.

By: Liliose Ndwanyi

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