Information reaching Igihe.com indicates that Consumer prices in country’s urban areas rose to 7.14% in July as food prices climbed, especially in vegetables, meat and non-alcoholic beverages. The Inflation accelerated from 5.82% in June.
According to a consumer index report issued by the National Institute of Statistics of Rwanda (NISR) today, Food and non-alcoholic beverage prices rose by 1.14%, while transport and education costs went up during the period as well.
It is also noted that the increase of 1.14% in prices of Food and non-alcoholic beverages is primarily attributable to the price increase of 1.87 per cent of vegetables, 2.5% of Non-alcoholic beverages and 0.45% of meat.
“Local goods increased by 6.62% on annual change with a monthly change of 0.47%, while prices of the imported products increased by 9.20% on annual change with a monthly change of 0.12%, while prices of the fresh products had a positive annual change of 8.25% between July 2011 and July 2010,”according to the report.
The majority of economic analysts point the sharp rise of Inflation to poor food harvests and higher prices of oil in the region.
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