Consumer Price Index, February 2020
In February 2020, the Rwandan urban consumer price index increased by 1.6% month-to-month higher than a decrease of 0.6% achieved in the previous month. Year-on-year, inflation stood at 8.7% compared to 7.3% reached in January 2020. Growth hiked in prices of both local goods and services (9.5% compared to 7.8% in January) and imported ones (6.0% after 5.7% previously).
On monthly basis, the inflationary pressures were due to food and non-alcoholic beverages whose prices increased by 4.2% in February from an increase of 0.6% recorded in the previous month as well as Housing water, electricity, gas and other fuels which increased by 1.8%. Prices increased particularly for food products including green pea (fresh), tomato, and fresh bean, string bean, spinach, Irish potato, cassava (flour), and electricity expenses, charcoal and cooking Gas. Overall, there was an increase in prices of fresh products (4.2% in February compared to a small increase of 0.3% realized in the previous month).
Year-on-year, consumer price index rose by 8.7% higher than 7.3% in January 2020 partly due to inflationary pressures from food and non-alcoholic beverages (19.9% compared to 15.8% in January and uptick in prices of housing, water, electricity, gas and other fuels (4.1% after 2.4% in January 2020).
Excluding fresh food products and energy, consumer price index increased by 4.5% in February slightly faster than 4.0% recorded in January 2020. Fresh products increased by 27.6% in February compared to 23.9% in January 2020 while energy prices hiked to 10.0% from 5.5% in January.
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