February 2017 CPI inflation


 

In February 2017, Rwanda’s Consumer Price Index (CPI) increased by 8.1 percent year on year, higher than 7.4 percent year on year recorded in January 2017. Similar to last year, “Food prices” are the main driver of ongoing year on year CPI increase. On monthly basis, CPI has increased by 1.1 percent.

 

 

The year on year inflation for “Food and non- alcoholic beverages” reached 17.6 percent in February 2017. Other main driver has been “Transport” prices with a year on year inflation standing at 8.3 percent in February 2017.

 

 

Regarding the origin, in February 2017, “Local products” inflation reached 7.9 percent year on year from 7.1 percent in January 2017. This upward shift is also evident for “Imported products” inflation which stood at 8.8 percent year on year in February 2017 from 8.4 percent in the previous month. On monthly basis, From January 2017 to February 2017, both “Local products” and “Imported products” prices went up by 1.3 percent and 0.5 percent respectively.

 

 

“Fresh products” year on year inflation reached 20.1 percent in February 2017, higher than 17.8 percent recorded in January 2017, amid an upturn in month on month fresh product prices (2.9 percent from January 2017 to February 2017).