Rwanda’s inflation rises by 9.2 percent

The annual average inflation rate between November 2023 and November 2022 was 15.3 percent.

Figures released on Sunday indicate that in November 2023, ‘Food and Non-Alcoholic Beverages’ rose by 17.5 percent annually but decreased by 3.3 percent monthly.

Transport increased by 8.3 percent annually and 0.2 percent monthly, while ‘Restaurants and Hotels’ increased by 6.4 percent annually and 0.2 percent monthly.

The data also reveals a 9.1 percent annual increase in “local products,” with a 1.4 percent monthly decrease, and a 9.3 percent annual increase in the prices of “imported products,” remaining stable monthly.

“Fresh products” experienced an 18.4 percent annual increase but decreased by 5.1 percent monthly. The “energy” category saw a 3.6 percent annual increase and a 1 percent monthly increase.

The “General Index excluding fresh products and energy” rose by 6.9 percent annually and 0.2 percent monthly.

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