Food prices and non-alcoholic beverages have pushed Rwanda’s headline inflation rate to 13.7 percent in June 2023 from 14.1 percent in May 2023.
Due to rising inflation levels, the general public experiences higher food prices, higher energy charges and high transport costs.
According to the Rwandan National Institute of Statistics (NISR) Consumer Price Index (CPI), non-alcoholic beverages and food commodities greatly contributed to the increase.
NISR showed that food and non-alcoholic beverages increased by 26.2 percent annually and 0.5 percent monthly.
Also, alcoholic beverages, tobacco and narcotics increased by 22.7 percent annually and 1.4 percent monthly.
Milk, cheese, and eggs increased 21.5 percent annually, and the monthly increase was 0.9 percent.
Water, housing, electricity, gas, and other fuels increased by 3.5 percent, clothing and footwear increased by 7.6 percent, and vegetables rose by 54.5 percent.
NISR also reported that the local goods index increased by 15.4 percent, the imported goods index increased by 8.6 percent, and the fresh products index grew by 34.9 percent.
The energy index rose by 4.9 percent and the core index or the general index excluding fresh products and energy increased by 9 percent.
In the first quarter of 2023, Rwanda’s GDP increased by 9.2 percent from a year ago, following a rise of 7.3 percent in the previous quarter.