Rwanda's inflation is 11.2 percent year on year in October 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 11.2 percent year on year in October 2023 down from 13.9 percent in September 2023.
In October 2023, ‘Food and non-alcoholic beverages’ increased by 23.1 percent on annual basis and it was stable on monthly basis. ‘Alcoholic beverages, tobacco and narcotics’ increased by 8.4 percent on annual basis and it was stable on monthly basis. Transport increased by 8.4 percent on annual basis and it increased by 2 percent on monthly basis.
Unemployment Rate Holds Steady in Q3 2023, Disparities Persist
The latest labour market data for August 2023 (Q3) has been released, revealing interesting trends in the unemployment landscape. While the overall unemployment rate remained at 18.0 percent, slightly declined as anticipated, there were notable variations across different demographic groups.
Rwanda's inflation is 13.9 percent year on year in September 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 13.9 percent year on year in September 2023 up from 12.3 percent in August 2023.
In September 2023, ‘Food and non-alcoholic beverages’ increased by 29.6 percent on annual basis and increased by 9 percent on monthly basis. ‘Alcoholic beverages, tobacco and narcotics’ increased by 12.2 percent on annual basis and increased by 0.2 percent on monthly basis. Transport increased by 5.9 percent on annual basis and increased by 0.8 percent on monthly basis.
Rwanda's inflation is 12.3 percent year on year in August 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 12.3 percent year on year in August 2023 up from 11.9 percent in July 2023.
In August 2023, ‘Food and non-alcoholic beverages’ increased by 24.6 percent on annual basis and increased by 1.8 percent on monthly basis. ‘Alcoholic beverages, tobacco and narcotics’ increased by 12.2 percent on annual basis and decreased by 1 percent on monthly basis. Transport increased by 7 percent on annual basis and increased by 2.5 percent on monthly basis.
Rwanda's Unemployment Rate Declines, Yet Gender and Age Disparities Persist
Introduction
Rwanda has seen a promising decline in its unemployment rate, with the latest figures revealing a drop to 16.8 percent, compared to 23.5 percent in May 2022 and 17.3 percent in February 2023. This reduction is a testament to the nation's continued efforts to stimulate economic growth and job creation. However, beneath this overall improvement, significant gender and age disparities persist, demanding attention and targeted strategies to address them effectively.
Rwanda's inflation is 11.9 percent year on year in July 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 11.9 percent year on year in July 2023 down from 13.7 percent in June 2023.
In July 2023, ‘Food and non-alcoholic beverages’ increased by 22.8 percent on annual basis and increased by 0.1 percent on monthly basis. ‘Alcoholic beverages, tobacco and narcotics’ increased by 14.3 percent on annual basis and decreased by 2.3 percent on monthly basis. Transport increased by 5.8 percent on annual basis and increased by 1.5 percent on monthly basis.
Rwanda's inflation is 13.7 percent year on year in June 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 13.7 percent year on year in June 2023 down from 14.1 percent in May 2023.
Rwanda's inflation is 14.1 pct year on year in May 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 14.1 percent year on year in May 2023 down from 17.8 percent in April 2023.
In May 2023, Food and non-alcoholic beverages increased by 25.4 percent on annual basis and decreased by 3.8 percent on monthly basis. ‘Alcoholic beverages, tobacco and narcotics’ increased by 21.5 percent on annual basis and increased by 0.7 percent on monthly basis. Transport increased by 7.6 percent on annual basis and increased by 0.2 percent on monthly basis.
Rwanda's inflation is 17.8 pct year on year in April 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 17.8 percent year on year in April 2023 down from 19.3 percent in March 2023.
In April 2023, Food and non-alcoholic beverages increased by 36.8 percent on annual basis and increased by 2.2 percent on monthly basis. ‘Alcoholic beverages, tobacco and narcotics’ increased by 20.9 percent on annual basis and decreased by 0.9 percent on monthly basis. Transport increased by 8.5 percent on annual basis and was stable on monthly basis.
Rwanda's inflation is 19.3 pct year on year in March 2023
Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 19.3 percent year on year in March 2023 down from 20.8 percent in February 2023.
In March 2023, Food and non-alcoholic beverages increased by 41.3 percent on annual basis and increased by 4.3 percent on monthly basis. ‘Alcoholic beverages, tobacco and narcotics’ increased by 23.6 percent on annual basis and increased by 0.7 percent on monthly basis. Transport increased by 12 percent on annual basis and was stable on monthly basis.