Rwanda February CPI rises 3.45 % year on year

Rwanda's Consumer Price Index (CPI), a main gauge of inflation, has risen 3.45 percent year on year in February 2014, up from 2.43 percent in January 2014.

The increase in the general index of 3.45 is mainly due to the rising prices of  “food and non alcoholic beverages” by  4.98 percent year on year, while prices of “Restaurants and hotels” and “Education” moved up 10.17 and 7.07 percent respectively.

Food prices account for about one-third of the CPI weight.

The data also show the “local goods” increased by 3.67 percent on annual change with a monthly change of +1.45 percent, while prices of the “imported products” increased by 2.54 percent on annual change with a monthly change of +0.16 percent.

The prices of the “fresh products” had a positive annual change of 7.60 percent between February 2014 and February 2013.

By: Oscar Sibomana