Rwanda’s Inflation Rate Trends Up

{{Rwanda’s has become the third country in East Africa to report an increase in its inflation rate for a period of two consecutive months or more.}}

The regions smallest country this week said that prices of basic goods and services rose by 5.1 per cent in September, a faster pace than the 4.04 per cent registered in August and 3.52 per cent in July.

In July Rwanda’s inflation rate had slowed from 3.68 per cent reported in June.

“For the second time, the rise in inflation is mainly explained by the increase in vegetable prices which shot to 15.6 per cent from 9.6 per cent in August,” said Rwanda’s Ministry of finance and economic planning.

In September, Kenya’s inflation rate jumped for the fourth consecutive month to 8.29 per cent from 6.67 per cent in August, 6.02 per cent in July, 4.91 per cent in June and 4.05 per cent in May.

Uganda’s rose to 8 per cent in September from 7.3 per cent in August, 5.1 per cent in July and 3.6 per cent in June.

{businessdaily}