14 January 2014

Rwanda's inflation rises 4.58 pct in Nov.2013

Rwanda's consumer price index (CPI), a main gauge of inflation, grew 4.58 percent year on year in November 2013, down from the 5.10 percent recorded in October.

Food prices, account for nearly one-third of the prices used to calculate the CPI in Rwanda. 

On a month-on-month basis, November's CPI fell 0.92 percent from the previous month.  This decrease in the CPI on monthly basis is attributable primarily to the decrease in Food and non-alcoholic beverages (2.67) and Housing, water, electricity, gas and other fuels (0.43).

But in annual change, the increase in the general index of 4.58 is mainly due to the rising prices of Food and non alcoholic beverages and Education which contributed +2.45 and + 1.28 respectively.

The 'local goods' increased by 5.14 on annual change with a monthly change of -1.34, while prices of the imported products increased by 2.28 on annual change with a monthly change of 0.89.

The prices of the fresh products had a positive annual change of 11.71 between November 2013 and November 2012.

By: Oscar Sibomana

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