Statistics from the National Institute of Statistics Rwanda (NISR) show that there is an increase in the overall general index in the month of August 2013.
The all Rwanda general index is established at 124.6 which show an increase of 0.81 percent over the previous month which was 123.6.
In annual change it increased by 3.78 percent compared to 4.16 in the month of July 2013. This according to experts gives a general inflation rate by an annual average of 4.3 percent during the month of August 2013.
Also, in August 2013 the All Urban general index is established at 122.5 this stands for an increase of 1.17 percent over the month of July which was 121.1.
In annual change, the all urban general index increased by 4.04 percent compared to 3.52 percent in the month of July. This gives a general inflation rate by an annual average of 4.3 percent during the month of August 2013.
For all rural index in August 2013 it is established at 125.7 this stands for an increase of 0.63 percent over the previous month which was 124.9.
In annual change it increased by 3.64 percent compared to 4.48 percent in the month of July.
In general, the underlying inflation rate (excluding fresh food and energy) increased by 0.20 percent compared to the month of July and increased by 3.56 percent on annual change. The annual average underlying inflation rate is + 3.7 percent in August 2013 up from the previous month 3.6 percent.
NISR says that the increase in the consumer price index of 1.17 is attributable primarily to the increase in Food and non-alcoholic beverages which stands at 2.79.
It is noted that the increase of 2.79 in prices of Food and non alcoholic beverages is primary attributable to the increase of 6.11 of vegetables.
In annual change, the increase in the general index of 4.04 is mainly due to the rising prices of Food and non alcoholic beverages which stands at 4.90 and Education at 35.18 which contributed +1.88 and + 1.28 respectively.
It is reported that the ‘local goods’ increased by 4.38 on annual change with a monthly change of 1.34, while prices of the imported products increased by 2.66 on annual change with a monthly change of 0.45.
The prices of the fresh products had a positive annual change of 6.98 between August 2013 and August 2012.
The Consumer Price Index (CPI) is a measure of the average change over time of goods and services purchased by households. The CPI uses a Modified Laspeyres formula to calculate the index. The reference population for the CPI consists of all households, urban and rural, living in Rwanda.
The household basket includes 1,136 products observed in many places spread all over the administrative centers of all provinces in Rwanda. All kinds of places of observation are selected: shops, markets, services etc.
More than 29,200 prices are collected every month by enumerators of the National Institute of Statistics of Rwanda and of the National Bank of Rwanda.