{"id":70311,"date":"2024-04-16T06:15:44","date_gmt":"2024-04-16T06:15:44","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-headline-inflation-eased-to-4-2-in-march"},"modified":"2024-04-16T06:46:51","modified_gmt":"2024-04-16T06:46:51","slug":"rwandas-headline-inflation-eased-to-4-2-in-march","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march","title":{"rendered":"Rwanda\u2019s headline inflation eased to 4.2% in March"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwanda\u2019s headline inflation eased to 4.2 per cent in March 2024, from 4.9 per cent in February 2024, according to the latest Urban Consumer Price (CPI) Index published by the the National Institute of Statistics of Rwanda (NISR).<\/p>\n

This was the fourth consecutive month that headline inflation eased into the BNR target range of 2-8 per cent.<\/p>\n

CPI is a measure of inflation that tracks changes in the average price of a basket of goods and services commonly purchased by consumers.<\/p>\n

According to the NISR\u2019s latest CPI report, annual average inflation rate in Rwanda\u2019s urban areas was 10.2 per cent between March 2024 and March 2023.<\/p>\n

Rise in transport prices, non-alcoholic beverages<\/p>\n

Food Inflation continued to be the largest contributor to inflationary pressures, with food and non-alcoholic beverages index gaining 2.5 per cent year-on-year and 0.6 per cent on monthly basis.<\/p>\n

Transport increased by 14.8 per cent on annual basis and it increased by 6.2 per cent on monthly basis. This can be attributed partly to the removal of subsidies on public transport.<\/p>\n

In February, the government announced a decision to remove subsidies in the public transport sector, which resulted in a hike in fares that passengers must pay, since mid-March.<\/p>\n

Increase in prices of imported and local products<\/p>\n

On annual basis, the local goods index gained 2.9 per cent, while the imported goods index rose by 8.3 percent, highlighting the impact on imported inflation on Rwanda\u2019s inflation basket.<\/p>\n

Prices of fresh products \u2013 food products which have seasonal fluctuations \u2013 decreased by 0.5 per cent, while prices of energy increased by 3.3 per cent.<\/p>\n

On a monthly basis, prices of local goods increased by 1.2 per cent, the imported goods index slightly went up by 0.8 per cent, prices of fresh products increased by 1 per cent, while the energy index grew by 1 per cent.<\/p>\n

Meanwhile, Rural CPI decreased by 1.7 per cent on annual basis, suggesting that things are slightly cheaper in rural areas compared to a year ago.<\/p>\n

However, Rural CPI increased by 0.5 per cent on monthly basis.<\/p>\n

Overall, Rwanda CPI increased by 0.6 per cent on annual basis and it increased by 0.7 per cent on monthly basis.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Rwanda\u2019s headline inflation eased to 4.2 per cent in March 2024, from 4.9 per cent in February 2024, according to the latest Urban Consumer Price (CPI) Index published by the the National Institute of Statistics of Rwanda (NISR). This was the fourth consecutive month that headline inflation eased into the BNR target […]<\/p>\n","protected":false},"author":84,"featured_media":70310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,5564,5565,539,5563,365,5566,758],"class_list":["post-70311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-beverages","tag-consumer-price-index","tag-food","tag-imported-products","tag-inflation","tag-local-products","tag-rwanda"],"yoast_head":"\nRwanda\u2019s headline inflation eased to 4.2% in March - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda\u2019s headline inflation eased to 4.2 per cent in March 2024, from 4.9 per cent in February 2024, according to the la ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda\u2019s headline inflation eased to 4.2% in March\" \/>\n<meta property=\"og:description\" content=\"Rwanda\u2019s headline inflation eased to 4.2 per cent in March 2024, from 4.9 per cent in February 2024, according to the la ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T06:15:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-16T06:46:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/04\/sm_1713237134.638887.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda\u2019s headline inflation eased to 4.2% in March\",\"datePublished\":\"2024-04-16T06:15:44+00:00\",\"dateModified\":\"2024-04-16T06:46:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march\"},\"wordCount\":363,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2024\/04\/sm_1713237134.638887.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"beverages\",\"consumer price index\",\"food\",\"imported products\",\"inflation\",\"local products\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/rwandas-headline-inflation-eased-to-4-2-in-march\",\"name\":\"Rwanda\u2019s headline inflation eased to 4.2% in March - 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