{{Rwanda’s Consumer Price Index (CPI), a main gauge of inflation, has risen 2.72 percent year on year in April 2014, down from 3.43 percent in March 2014.
In April 2014, “food and non alcoholic beverages” rose 3.84 percent year on year, while prices of “Restaurants and hotels” moved up 10.42.
Food prices account for about one-third of the CPI weight.
The data also show the “local goods” increased by 3.09 percent on annual change with a monthly change of +0.76 percent, while prices of the “imported products” increased by 1.20 percent on annual change with a monthly change of +0.18 percent.
The prices of the “fresh products” had a positive annual change of 6.18 percent between April 2014 and April 2013.}}
{{Understanding what Consumer Price Index }}
A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households.
The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.
Sub-indexes and sub-sub-indexes are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index.
It is one of several price indicescalculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation.
A CPI can be used to index (i.e., adjust for the effect of inflation) the real value of wages, salaries,pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.
{additional information from NISR}
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