Consumer Price Index, December 2020

In December 2020, the Rwandan urban consumer price index decreased by 0.8% month-on-month from 1.0% decrease achieved in the previous month. Year-on-year, inflation stood at 3.7% which is lower than 4.2% reached in November 2020. Compared to the previous month, prices of local goods and services increased by 3.1% which is lower than an increase of 3.9% y-o-y of November and prices for imported goods increased by 5.7 % y-o-y slightly higher than an increase of 5.3% y-o-y achieved in November. The annual average inflation rate between December 2020 and December 2019 was 7.7 %.

On monthly basis the inflation decreased by 0.8% due to decreased in transport (- 0.2 %), food and non-alcoholic beverages (- 2.3 %) Housing, water, electricity, gas and other fuels (-0.5%) compared to previous month.

Year-on-year, consumer price index rose by 3.7% lower than an increase of 4.2% in November 2020 due to easing in inflationary pressures of food and non-alcoholic beverages which increased by 4.2% lower than 4.7% of November 2020, Alcoholic beverages, tobacco and narcotics increased by 6.9% lower than an increase of 10.2% of November 2020, housing water, electricity, gas and other fuels increased by 4.5% lower than 5.0% of November 2020 and transport which increased by 3.1% lower than 3.6% of November 2020.

Excluding fresh food products and energy, consumer price index increased by 3.6% in December slightly lower than an increase of 3.7% achieved in November 2020. Fresh products increased by 4.1 % in December, which is lower, compared to an increase of 5.6% of November 2020. Energy prices increased by 3.8% in December, which is lower than 5.5% of November 2020.

Consumer Price Index, December 2020

CPI Inflation

JanFeb.Mar.Apr.MayJunJulAugSepOctNovDecJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarAprMayJuneJulyAugustSeptemberOctoberNovemberDecember2018201920201.2633554658435520.732687637524942480.852658367610548141.74692060851857622.99908051766295982.87300516521704631.9714416634051492.14364351169245021.2150004367860179-0.594787503529270467.7741537034414776E-21.13546109753486221.01224445586203250.750502765137750491.11573011658641090.186564903282171461.45831619942971E-20.8756017347673951.87594074193604412.32579753001447293.07509920269193334.35115417253248986.88121463380768636.73162592352103417.32431458084465978.68131353443219928.58.0014256660408529.20641334702323469.02928147052526249.23505702531517518.80514264539968758.88719342413266677.23991048980978664.20975384888107043.7430820919910346