In June 2018, Rwanda consumer prices index (CPI) increased by 2.9 percent year-on-year against 3.0% recorded in the year ending May 2018. Month to month, consumer price index reduced by 0.9% from an increase of 1.1% in May 2018.
On monthly basis, the decline in Rwandan CPI reflects mainly the fall in prices of food and non-alcoholic beverages by 1.8% and in prices of housing, water, electricity, gas and other fuels by 1.5%. Prices dropped by 2.5% for vegetables and for charcoal and wood for cooking by 10.4% and 2.0% respectively.
On annual basis, upward pressures came mostly from prices of food and non-alcoholic beverages which went up by 1.7%; transport and housing, water, gas and other fuels which prices rose by 8.8% and 4.0% respectively.
In June 2018, headline CPI increased yearly for both domestically produced items and for imported ones. Domestic inflation stood at 2.3% while imported inflation was 4.7%. Prices rose for energy and related products by 12.1% and for fresh food by 5.0% on annual basis. The all items index excluding energy and fresh food augmented by 1.6% year-on-year slightly lower than 1.8% recorded in May 2018.