Rwanda’s Consumer Price Index (CPI), main gauge of inflation increased by 6.4 percent year on year in December 2023 down from 9.2 percent in November 2023.
In December 2023, ‘Food and non-alcoholic beverages’ increased by 11.7 percent on an annual basis and it decreased by 6.2 percent on monthly basis. Transport increased by 6.7 percent on an annual basis and it decreased by 1.5 percent on monthly basis.
The data also show the “local products” increased by 6 percent on annual change and it decreased by 3 percent on monthly basis, while prices of the “imported products” increased by 7.8 percent on annual basis and it decreased by 1 on monthly basis.
The prices of the “fresh products” increased by 11 percent on annual change and it decreased by 9.5 percent on a monthly basis.
The prices of the “energy” increased by 0.5 percent on annual change and it decreased by 3.4 percent on monthly basis.
The prices of the “general Index excluding fresh products and energy” increased by 5.7 percent on annual change and it decreased by 0.1 percent on monthly basis. (End)