Inflation rises to 1.09%

Rwanda’s year-on-year inflation, which measures the change in prices of goods and services, rose to 1.09 percent in January, up from 0.23 percent in the previous month, driven by an increase in private school fees recorded at the beginning of the year.
Although most commodity prices increased in January, fish prices droped (File photo)
Although most commodity prices increased in January, fish prices droped (File photo)

Rwanda’s year-on-year inflation, which measures the change in prices of goods and services, rose to 1.09 percent in January, up from 0.23 percent in the previous month, driven by an increase in private school fees recorded at the beginning of the year.

The National Institute of Statistics of Rwanda (NISR) said in its monthly statement that the underlying inflation, which excludes fresh food and energy, increased by 0.85 percent compared to the previous month.

“The increase in the consumer price index …is largely attributed to the increase…in private school fees recorded at the beginning of this year,” the national statistics body said.

The institute added that prices of transport rose by 3.96 percent and education 19.21 percent, contributing 0.51 percent and 0.62 percent respectively.  The rise in transport costs was due to the hike in fuel prices.

The prices of locally manufactured goods increased by 0.94 percent on annual change, with a monthly change of 0.08 percent  due to an increase in furnishing and household equipments.

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