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Rwanda’s inflation down from previous months

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Rwanda’s inflation, measured by consumer price index (CPI), declined to 8.8 percent year-on-year in August 2020, down from 9.2 percent in the previous months, according to the National Bureau of Statistics.

According to the National Bureau of Statistics on Thursday, 10 September 2020, food and non-alcoholic beverages increased by 11.1 percent on an annual basis, and increased by 1.7 percent on a monthly basis in August 2020. Alcoholic beverages, tobacco and narcotics increased by 24 percent on an annual change, and increased by 0.2 percent on a monthly basis. Housing, water, electricity, gas and other fuels increased by 4.5 percent on annually, and increased by 0.3 percent on a monthly basis.

Transport reportedly increased by 21.7 percent on an annual basis, and decreased by 0.8 percent on a monthly basis. According to official indicators, local goods increased by 9.5 percent on an annual basis, and increased by 0.5 percent on a monthly basis. Moreover, prices of imported products increased by 6.5 percent on an annual basis, and increased by 0.4 percent on a monthly basis.

The prices of the fresh products increased by 18 percent on annually, increased by 3.1 percent on a monthly basis. The prices of Energy increased by 4.2 percent on an annual basis, and decreased by 0.4 percent on a monthly basis. The  general index, excluding fresh products and energy,  is said to have increased by 7.1 percent on an annual basis, and decreased by 0.1 percent on a monthly basis, according to the institute.

-APA

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