Consumer Price Index, June 2019

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June 2019 CPI inflation

According to the National Institute of Statistics of Rwanda, Urban consumer price index increased by 0.9% year-on-year in June 2019. It was unchanged in May 2019 compared to May 2018. Month-to-month, consumer price index was stable between May and June 2019.

In June 2019, annual inflation was 0.9% as indicated, mainly driven by increasing prices of alcoholic beverages and narcotics (+5.3% after 5.0% in May 2019) including local wine, commercial beer both local and imported, local sorghum beer, local banana for beer, cigarettes and tobacco leaves. Upward pressures came also from clothing and footwear (+6.0% against 4.4% in May) and from transport (+3.2% after 3.5% the previous month). Under transport, prices went up for purchase of cars or minibus, bicycle, spare parts for both vehicle, motorcycle or bicycle, diesel, fuel for generator, petrol, vehicle lubricant, taxi and motorcycle taxi fees as well as price for air transport among others.

Between May and June 2019, consumer price index was unchanged. Pressures from clothing and footwear (+1.4% compared to 0.4% in May) were offset by deflationary pressures from food and non-alcoholic beverages (-0.4% from 2.3% in May) reflecting falling prices for most food items such as sorghum, tomato, banana for cooking, green and dry peas, Irish potatoes, cassava and cassava flour, fresh and dry soya beans, sweat potatoes, dry beans together with the slowdown in prices of passion and other fruits juice.

Coming to CPI by origin, compared to the same period last year, the price index was unchanged in June 2019 for locally produced items while it continued to hike for imported goods and services which index went up by 3.7% in June after 2.5% recorded in May 2019.  Excluding fresh food and energy, consumer price index rose by 2.2 % faster than 1.5% in May 2019. The price index decreased by 3.1% for fresh food and by 2.9% for energy consecutively to the decline of 3.5% and 5.9% respectively in May 2019.