{"id":47896,"date":"2023-04-20T06:58:31","date_gmt":"2023-04-20T06:58:31","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-sets-new-prices-for-rice-maize-flour-and-irish-potatoes-to-alleviate\/"},"modified":"2023-04-22T09:51:01","modified_gmt":"2023-04-22T09:51:01","slug":"rwanda-sets-new-prices-for-rice-maize-flour-and-irish-potatoes-to-alleviate","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-sets-new-prices-for-rice-maize-flour-and-irish-potatoes-to-alleviate\/","title":{"rendered":"Rwanda sets new prices for rice, maize flour and Irish potatoes to alleviate high living cost"},"content":{"rendered":"

This move, made in consultation with private sector representatives, targets maize flour and rice, as well as Irish potatoes, which will now feature a reduced price seal.<\/p>\n

According to a statement released on April 19, 2023, this decision follows market findings that exposed traders taking advantage of the ongoing economic crisis by significantly increasing food prices to generate extraordinary profits. <\/p>\n

In March 2023, Rwanda\u2019s Consumer Price Index (CPI), which is the main measure of inflation, rose by 19.3 percent year on year, compared to 20.8 percent in February 2023.<\/p>\n

According to National Institute of Statistics of Rwanda (NISR), The prices of local products increased by 20.8 percent year on year and 2.2 percent month on month. <\/p>\n

Meanwhile, the prices of imported products increased by 14.8 percent year on year and 0.6 percent month on month.<\/p>\n

The prices of fresh products increased by 53 percent year on year and 5.3 percent month on month.<\/p>\n

To mitigate this issue, the ministry has implemented new pricing structures for essential food items, including maize, rice, and Irish potatoes. <\/p>\n

As per new prices, a kilogram of dry maize has been set at Rwf500 from around Rwf1,000 while and maize flour is Rwf800, down from Rwf1,300.<\/p>\n

For rice, the price of short rice grains has been set at Rwf820 from around Rwf1,200; long rice grain at Rwf850, down from Rwf1,500; and Basmati rice at Rwf1,455 from over Rwf2,000.<\/p>\n

As for Irish potatoes, the updated prices are: Rwf460 for Kinigi potatoes, down from Rwf600; Rwf440 for Kirundo Irish potatoes, reduced from Rwf550; Rwf430 for Twihaze potatoes and Rwf410 for Peko Irish potatoes.<\/p>\n

This price adjustment substantially reduces the cost of these staple foods for Rwandan citizens.<\/p>\n

Consumers and traders have expressed optimism that this measure, along with the government’s recent reduction in fuel prices, will help to lower the overall cost of living.<\/p>\n

Additionally, Rwanda is working to further decrease food prices by revamping its trade-focused bilateral relationship with the Republic of Serbia, aiming to import more affordable cereals into the country. <\/p>\n

This multifaceted approach demonstrates the Rwandan government’s commitment to addressing the economic challenges faced by its citizens.<\/p>\n

\"Potatoes<\/figure>\n
\"The<\/figure>\n","protected":false},"excerpt":{"rendered":"

{Rwanda’s Ministry of Trade and Industry has taken decisive action to address the country’s increased food prices by eliminating Value Added Tax (VAT) on essential food items.} <\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[72,75],"byline":[170],"hashtag":[],"class_list":["post-47896","post","type-post","status-publish","format-standard","hentry","category-economy","tag-featured-news-home","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/47896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=47896"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/47896\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=47896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=47896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=47896"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=47896"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=47896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}