Consumer Price Index, January 2020

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Consumer Price Index, January 2020

In January 2020, the Rwandan urban consumer price index increased by 0.6% month-to-month higher than a decrease of 0.3% achieved in the previous month. Year-on-year, inflation stood at 7.3% compared to 6.7% reached in December 2019. Growth hiked in prices of both local goods and services (7.8% compared to 7.4% in January) and imported ones (5.7% after 4.7% previously).

On monthly basis, the inflationary pressures were due to food and non-alcoholic beverages whose prices increased by 0.6% in January from a decrease of 0.3% recorded in the previous month. Prices increased particularly for food products including Irish potato, fermented sorghum, sweet potato, sorghum, palm oil, taro, local rice, live chicken among others. Overall, there was an increase in prices of fresh products (0.3% in January compared to a decrease of 2.8% realized in the previous month).

Year-on-year, consumer price index rose by 7.3% higher than 6.7% in December 2019 partly due to inflationary pressures from food and non-alcoholic beverages (15.8% compared to 14.9% in December. A continuing rise in prices of alcoholic beverages and tobacco (21.1% against 20.6% in December) and the uptick in prices of housing, water, electricity, gas and other fuels (2.4% after 2.2% in December2019).

Excluding fresh food products and energy, consumer price index increased by 4.0% in January slightly faster than 3.6% recorded in December 2019. Fresh products increased by 23.9% in January compared to 23.6% in December 2019 while energy prices hiked to 5.5% from 2.5% in December.