10 June 2022

Rwanda's inflation is 12.6 pct year on year in May 2022

Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 12.6 percent year on year in May 2022 up from 9.9 percent in April 2022.

In May 2022, Food and non-alcoholic beverages increased by 24.2 percent on annual basis and increased by 5 percent on monthly basis. ‘Housing, water, electricity, gas and other fuels’ increased by 8 percent on annual basis and decreased by 0.3 percent on monthly basis. Transport increased by 7.7 percent on annual basis and increased by 1 percent on monthly basis. Restaurants and hotels increased by 14.3 percent on annual change and increased by 0.1 percent on monthly basis.

The data also show the “local goods” increased by 11.5 percent on annual change and increased by 1.6 percent on monthly basis, while prices of the “imported products” increased by 15.9 percent on annual basis and increased by 2.8 percent on monthly basis.

The prices of the “fresh products” increased by 17.7 percent on annual change and increased by 3.1 percent on monthly basis.

The prices of the “Energy” increased by 17.6 percent on annual change and decreased by 1.3 percent on monthly basis.

The prices of the “General Index excluding fresh Products and energy” increased by 10.9 percent on annual change and increased by 2 percent on monthly basis.

By MUTETIJABIRO Lucie