In January 2017, Rwanda’s Consumer Price Index (CPI) increased by 7.4 percent year on year, marginally higher than 7.3 percent year on year registered in December 2016. As in the last year, “Food prices” are the main driver of ongoing year on year CPI increase. On monthly basis, CPI has declined by 0.4 percent.
The year on year inflation for “Food and non- alcoholic beverages” stood at 16.2 percent in January 2017. Other main driver has been “Transport” prices with a year on year inflation standing at 8.3 percent in January 2017.
Regarding the origin, in January 2017, “Local products” inflation stood at 7.1 percent year on year as in the previous month while “Imported products” inflation reached 8.4 percent from 8.0 percent year on year in the previous month. From December 2016 to January 2017, “Local products” prices slightly decreased by 0.6 percent whereas “Imported products” prices went slightly up by 0.1 percent.
“Fresh products” year on year inflation reached 17.8 percent in January 2017, slightly higher than 17.2 percent recorded in December 2016, despite ongoing decline in month on month fresh product prices (-2.9 percent between December 2016 and January 2017).