Consumer Price Index, April 2020

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Consumer Price Index, April 2020

 

In April 2020, the Rwandan urban consumer price index declined by 0.2% month-to-month lower than an increase of 1.0% achieved in the previous month. Year-on-year, inflation stood at 8.0% compared to 8.5% reached in March 2020. Compared to the previous month, growth declined in prices of local goods and services (8.5% y-o-y compared to 9.3% y-o-y in March) while prices for imported goods increased to 6.3%  y-o-y after 5.9%  y-o-y in March.

On monthly basis, the inflationary pressures eased due to fresh products whose prices declined by 4.4 % in April from an increase of 3.5% recorded in the previous month. In general, food products including green pea (fresh), tomato, fresh bean, string bean, spinach, Irish potato and cassava (flour) declined in prices.  

Year-on-year, consumer price index rose by 8.0% lower than 8.5% in March  2020 partly due to easing of inflationary pressures from food and non-alcoholic beverages (15.8% compared to 18.8% in March) and transport (2.8% compared to 2.5% in March). However, an uptick in prices of housing, water, electricity, gas and other fuels (6.5% after 4.8% in March 2020) helped to reduce the magnitude of slowdown in headline inflation.

Excluding fresh food products and energy, consumer price index increased by 4.6% in April slightly higher than 4.3% recorded in March 2020. Fresh products declined to 19.7% in April compared to 26.0% in March 2020 while energy prices hiked to 16.5% from 12.0% in March.