Rwanda’s inflation rate drops by 4.58 per cent

Rwanda’s inflation declined from 5.1% during the month of October to 4.6% during November 2013. All Urban general index is established at 123.3 which stands for a decrease of 0.92% over the previous month which was 124.5.In annual change it increased by 4.58% compared to 5.10% in the previous month giving a general inflation rate by an annual average of 4.2% during the month of November 2013 according to Oscar Sibomana, principal statistician at National institute of statistics Rwanda.The underlying inflation rate excluding fresh food and energy increased by 0.38% if compared to the previous month and increased by 3.44% on annual change. The annual average underlying inflation rate is + 3.9 % in November 2013 up from the previous month 3.8 %.According to the report by the National institute of statistics, the decrease in the consumer price index of 0.92 is attributable primarily to the decrease in food and non-alcoholic beverages of 2.67 indices and Housing, water, electricity, gas and other fuels (0.43).Sibomana also said that a decrease in prices of food and non alcoholic beverages is primary attributable to the decrease of 8.68 of Vegetables. In annual change, the increase in the general index of 4.58 is mainly due to the rising prices of food and non alcoholic beverages (6.45) and Education (35.18) which contributed +2.45 and +1.28 respectively. The ‘local goods’ increased by 5.14 on annual change with a monthly change of -1.34 Local goods increased by 5.14 on annual change with a monthly change of -1.34, while prices of the imported products increased by 2.28 on annual change with a monthly change of 0.89.The prices of the fresh products had a positive annual change of 11.71 between November 2013 and November 2012.

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Rwanda’s inflation rate drops by 4.58 per cent