June 2017 CPI inflation


 

In June 2017, Rwanda’s Consumer Price Index (CPI) increased by 4.8 percent year on year, easing for the fourth consecutive month from 8.1, 7.7, 7.3 and 6.5 percent year on year recorded in February, March, April and May 2017 respectively. “Food prices” have been trending downward in recent months but continued to be the main driver of changes in CPI in June 2017 as in the previous year. On monthly basis, CPI declined by 0.8 percent from a decrease of 0.2 percent in May 2017.

 

Year on year inflation for “Food and non- alcoholic beverages” stood at 9.8 percent in June 2017, easing from 14.3 percent registered in May 2017. Other key driver is “Transport” prices with a year on year inflation standing at 4.6 percent in June 2017, easing from 5.4 percent recorded in May 2017.

 

About the origin, in June 2017, both “Local products” and “Imported products” inflation eased to 4.3 percent and 6.4 percent year on year respectively from 6.4 percent and 6.8 percent year on year respectively in May 2017. Between May and June 2017, “Local products” prices declined by 1.1 percent while “Imported products” prices went up by 0.3 percent.

 

“Fresh products” year on year inflation reached 6.9 percent in June 2017 from 14 percent recorded in May 2017, amid a decline of 3.8 percent in “Fresh products” prices between May and June 2017.