March 2017 CPI inflation


 

In March 2017, Rwanda’s Consumer Price Index (CPI) increased by 7.7 percent year on year, easing from 8.1 percent year on year registered in February 2017. As in 2016, “Food prices” continue to be the main driver of higher CPI in 2017. On monthly basis, CPI has increased by 0.6 percent.

 

 

Year on year inflation for “Food and non- alcoholic beverages” stood at 16 percent in March 2017, almost similar to February 2017. Other main driver has been “Transport” prices with a year on year inflation standing at 8.9 percent in March 2017.

 

 

Regarding the origin, in March 2017, “Local products” inflation eased to 7.3 percent year on year from 7.9 percent in the previous month while “Imported products” inflation reached 9.1 percent from 8.8 percent year on year in the previous month. Between February 2017 and March 2017, both “Local products” prices and “Imported products” prices went up by 0.8 and 0.1 percent respectively.

 

 

“Fresh products” year on year inflation eased to 17.3 percent in March 2017 from 20.1 percent recorded in February 2017 despite a marginal increase in month on month fresh product prices (1.7 percent between February 2017 and March 2017).