In March 2018, Rwanda’s Consumer Price Index (CPI) increased by 0.9 percent year on year from 0.7 percent recorded in February 2018. “Food prices” remained subdued compared to the same period in 2017 and this has led to a subdued CPI inflation for the last four months. However, on monthly basis, CPI went up by 0.7 percent almost similar to 0.6 percent recorded in February 2018.
Year on year inflation for “Food and non-alcoholic beverages” stood at -2.1 percent in March 2018 from -2.4 percent recorded in the previous month, mostly due to base effect as in March 2017, food prices had reached a higher level.
About the origin, in March 2018, “Local products” year on year inflation remained subdued at -0.4 percent from -0.2 percent in the previous month, whereas “Imported products” year on year inflation reached 5.1 percent from 4.0 percent in the previous month. From February 2018 to March 2018, both “Local products” and “Imported products” prices went up by 0.6 and 1.1 percent respectively.
“Fresh products” year on year inflation remained negative and stood at -4.0 percent in March 2018. From February 2018 to March 2018, “Fresh products” prices increased by 3.1 percent.