({{Reuters}}) – {Rwanda’s urban inflation rate fell to 0.7 percent in February from 1.4 percent in the previous month, the statistics office said on Tuesday, citing a drop in transport costs.}
The agency said in a statement that in February, the prices of housing, water, electricity, gas and other fuels rose by 3.6 percent while transport decreased by 4.3 percent.
Inflation across the east African region has fallen in recent months, mainly from reductions in the pump prices of petrol and diesel triggered by lower global oil prices.
The data also showed that the prices of imported products decreased by 0.3 percent on annual basis, while the prices of the fresh products decreased by 2.9 percent in the period.
Rwanda focuses on the urban inflation rate for monetary policy purposes.
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