December 2018 CPI inflation
Rwanda Urban Consumer Price Index rose by 1.1 percent year-on-year in December 2018 up from 0.1 percent in November 2018. Month-to-month, urban consumer price index was negative 0.2 percent from negative 0.5 percent the previous month.
On monthly basis, the decline in Consumer Price Index in December 2018, reflected mainly continuous fall in prices of food and beverages (-0.7 percent) and partly in housing, water, electricity, gas and other fuels (-0.1 percent).
On annual basis, upward pressures came from transport together with housing, water, electricity, gas and other fuels. Compared to the same period last year, inflation was, 9.5 percent for transport category, 2.5 percent for housing, water, electricity and other fuels against 9.7 percent and 3.0 percent respectively recorded in November 2018. Within transport, price went up for cars and minibus, bicycles, spare parts for vehicles, diesel, fuel, taxi fees, air transport cost among others. For housing, water, electricity, gas and other fuels, large contributors to inflation included cooking wood, kerosene, gas, construction wood, charcoal and actual rent.
The food and non-alcoholic beverage index, in contrast, negatively affected the price level. Consumer Price Index for food and non-alcoholic beverages decreased by 4.1 percent though less fast than 7.7 percent decline recorded in November 2018. Prices plunged for almost all food items on the plenty supply.
Looking at the origin, annual inflation was mainly driven by imported items which cost went up by 3.4 percent in December 2018 and by 3.3 percent the previous month. The index for locally produced items went slightly up by 0.5 percent in December 2018 after a slowdown by 0.9% in November 2018. The price index hiked for energy by 6.8 percent after 8.8 percent while it declined for fresh food by 1.5 percent and 3.0 percent respectively in December and November 2018. Excluding food and energy, consumer price index went up by 1.4 percent consecutively to 1.3 percent recorded in November 2018.