Inflation rate rises as food prices increase

Rwanda's consumer price index for urban areas rose 1.04 percent in February on the back of higher food prices, pushing the annual inflation rate to 7.85 percent from 7.81 percent a month earlier. This is according to the latest data from the National Institute of Statistics Of Rwanda (NISR).

Thursday, March 15, 2012

Rwanda's consumer price index for urban areas rose 1.04 percent in February on the back of higher food prices, pushing the annual inflation rate to 7.85 percent from 7.81 percent a month earlier. This is according to the latest data from the National Institute of Statistics Of Rwanda (NISR).

The NISR said Thursday, that the cost of vegetables leapt 11.58 percent from January while the price of non-alcoholic drinks jumped 10.16 percent. Overall, food and non-alcoholic drinks rose 3.59 percent from a month ago.