Rwanda's inflation is 5 percent year on year in November 2024
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 5 percent year on year in November 2024 up from 3.8 percent in October 2024.
Rwanda's inflation is 3.8 percent year on year in October 2024
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 3.8 percent year on year in October 2024 up from 2.5 percent in September 2024.
In October 2024, ‘Food and non-alcoholic beverages’ decreased by 1 percent on annual basis and it increased by 3.7 percent on monthly basis. ‘Housing, water, electricity, gas and other fuels’ increased by 4.8 percent on annual basis and it increased by 0.8 percent on monthly basis. Transport increased by 15.9 percent on annual basis and it was stable on monthly basis.
Key findings: Labour Force Survey – Quarter 3, 2024
The National Institute of Statistics of Rwanda (NISR) has published the findings of the Labour Force Survey (LFS) for the third quarter (Q3) of 2024. Data collection was conducted in August 2024 through a household-based survey that provides key statistics into Rwanda’s labor market mainly on labour force participation, employment, unemployment, and underutilization.
Key Findings:
Rwanda's inflation is 2.5 percent year on year in September 2024
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 2.5 percent year on year in September 2024 down from 5 percent in August 2024.
Rwanda's inflation is 5 percent year on year in August 2024
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 5 percent year on year in August 2024 up from 4.9 percent in July 2024.
In August 2024, ‘Food and non-alcoholic beverages’ increased by 1.6 percent on annual basis and it increased by 1.9 percent on monthly basis. Transport increased by 19 percent on annual basis and it increased by 0.2 percent on monthly basis.
Rwanda's inflation is 4.9 percent year on year in July 2024
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 4.9 percent year on year in July 2024 down from 5 percent in June 2024.
In July 2024, ‘Food and non-alcoholic beverages’ increased by 1.5 percent on annual basis and it decreased by 1.5 percent on monthly basis. Transport increased by 21.7 percent on annual basis and it increased by 0.3 percent on monthly basis.
Rwanda’s Labour Market: Key Insights from the 2024 Q2 Labour Force Survey
The National Institute of Statistics of Rwanda (NISR) published the results of the Quarterly Labour Force Survey (QLFS) for the second quarter of 2024, shedding light on significant trends and developments in the country's labour market. This survey provides crucial data for understanding employment, unemployment, and labour force participation dynamics.
Rwanda's inflation is 5 percent year on year in June 2024
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 5 percent year on year in June 2024 down from 5.8 percent in May 2024.
In June 2024, ‘Food and non-alcoholic beverages’ increased by 3.1 percent on annual basis and it decreased by 1 percent on monthly basis. Transport increased by 23.2 percent on annual basis and it decreased by 0.6 percent on monthly basis.
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.
Rwanda’s Unemployment rate drops by 4.3 p.p. in Q1 2024
Figure 1: Tends in Unemployment rate by sex
Unemployment
The latest Labour Force survey (2024 Q1) reveals a significant decline in Rwanda's unemployment rate, dropping by 4.3 percentage points in quarter 1 of 2024 compared to the same period in 2023. This remarkable improvement has brought the unemployment rate back to the pre-COVID-19 estimate of 13.1%. In 2024 (Q1), the unemployment rate stood at 12.9%, indicating a positive trend where approximately one person was unemployed for every eight in the labor force.