Consumer prices in Rwanda increased by 3.8 per cent on an annual basis in October and rose 1.5 per cent on monthly basis from September.

This is according to the latest Consumer Price Index (CPI), a primary measure of inflation, released by the National Institute of Statistics of Rwanda (NISR).

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Urban CPI, considered the primary measure of inflation in Rwanda, is calculated based on 1,622 products in twelve urban centres.

Key contributors to inflation included the category of housing, water, electricity, gas, and other fuels, which rose by 4.8 per cent compared to October 2023.

According to the report, transport saw the largest price increase of 15.9 per cent while food and non-alcoholic beverages rose by 3.7 per cent month-over-month.

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Meat saw a price increase of 22.4 per cent year-on-year, while milk, cheese and eggs, rose by 14.8 per cent.

Prices of alcoholic beverages, tobacco, and narcotics rose by 5.6 per cent annually, while clothing and footwear increased by 5.6 per cent.

Housing, water, electricity, gas, and other fuels went up by 4.8 per cent year-on-year.

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Rural CPI decreased by 1.5 per cent on an annual basis but increased by 2.5 per cent month-over-month.

Nationwide, combining both urban and rural areas, the overall CPI rose by 0.5 per cent year-over-year and by 2.1 per cent from September.