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.
The data also show the “local products” increased by 13 percent on annual change and decreased by 0.4 percent on monthly basis, while prices of the “imported products” increased by 8.4 percent on annual basis and increased by 1.4 percent on monthly basis.
The prices of the “fresh products” increased by 27.4 percent on annual change and decreased by 1.4 percent on monthly basis.
The prices of the “energy” increased by 3.8 percent on annual change and decreased by 2.2 percent on monthly basis.
The prices of the “general Index excluding fresh products and energy” increased by 8.5 percent on annual change and increased by 0.7 percent on monthly basis.
By MUTETIJABIRO Lucie