Rwanda maintains decline in inflation

Rwanda maintains decline in inflation

Fruits and vegetables have been responsible for the continuous decrease of inflation in Rwanda

Rwanda has managed to contain the inflation rates in the region recording a decrease from 4.6 per cent to 3.65 per cent at the end of 2013.

The decrease is attributed to the lower prices of food especially vegetables which rose by 4.3 compared to 10.5 recorded in November 2013.

Previously, the rise in prices rate for the month of June accelerated to 3.68 per cent up from 2.98 per cent in May which was attributed to the increase in prices of vegetables which rose to 4.8 percent

While in the month of October remained unchanged at 5.1 percent compared to September due to the stable decrease in prices of Irish potatoes (4.9 percent) and on tomatoes (29.2 precent), in spite of increased prices of beans, fish and alcoholic beverages

In a related development a three-day livelihoods improvement and food security meeting has opened today in Kigali.

The conference will offer a unique opportunity to discuss on how governments, donors, investor and private sector can support positive progress in rural and agriculture market development,

On average, the EAC regional annual inflation indicators show a decline, with Tanzania shown a decreasing pattern from 10.9% in January, 2013 to 5.6% in December, 2013.

While Uganda’s Inflation stood at 6.7 percent in December and it was 7.2 percent in Kenya.

For Burundi the latest inflation released was 9.7 percent in November 2013. Generally, trend of Inflation Rates in Tanzania is similar to other neighboring countries like Uganda and Kenya.

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About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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