A busy food market in Rwanda
The annual change in Consumer Price Index (CPI) by end May stood at 1.9 per cent lower than 2.72 per cent registered in April.
The reduction is attributed to the decrease of food and non-alcoholic beverages prices which decreased to 3.0 per cent from 3.8 per cent in April.
In addition to the decrease in food prices, the lower level of inflation by end May 2014 can be explained by the decrease recorded by transport and communication.
The inflation monthly change was -0.7 per cent attributed to the declining prices observed in vegetables and fish respectively to 2.3 and 2.1 per cent.
The contribution of food and non-alcoholic to the overall inflation went down from 1.4 per cent in the previous month to 1.1 per cent in May, 2014.
This pushed local goods contribution to 1.8 per cent from 2.5 per cent in April while imported goods contributed to 0.18 from 0.2 per cent in April 2014.
The annual average of CPI stood at 3.6 per cent during the month of May 2014 down from 3.7 per cent registered in the previous month.
The core inflation (excluding fresh products and energy) was stable compared to the previous month.
On annual change it stood at 2.3 per cent in May, 2014 higher than the CPI mainly due to the decrease recorded by energy (-4.2%).
In annual average, the core inflation slightly decreased to 3.1 per cent from 3.2 in April, 2014.
NISR
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