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Rwandans Spending More On Utilities And Education-NISR

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Rwandans Spending More On Utilities And Education-NISR

Rwanda’s urban Consumer Price Index (CPI) increased by 2.2 percent on annual basis in November 2017 when compared to the same month last year.

And the overall consumer price index (for both rural and urban areas) rose by 1.6%, while in the urban areas alone which are the basis for the national budget, it rose by 2.2 percent, according to National Institute of Statistics of Rwanda (NISR).

Housing, water, electricity, gas and other fuels’, ‘food and non-alcoholic beverages’, and ‘transport’ rose by 2%, 2.2% and 2.9% respectively.

The data also shows that the prices for local goods increased by 1.5% on annual change and decreased by 1.7% on a monthly basis, while prices for the ‘imported products’ increased by 4.6% on an annual basis and increased by 0.5% on a monthly basis.

By comparing October to November 2017, the CPI in the urban areas reduced by 1.2%, which is mainly due to the CPI for food and non-alcoholic beverages which reduced by 3.9% per if compared in the two successive months.

In rural areas, the CPI for December 2017 increased by 1% when compared to the same month last year 2016. However, in October 2017 the CPI had risen by 6.3%.

NISR says the 1% increase is due to the prices for housing, water, electricity, gas and other fuels that rose by 9%, and the prices for education that rose by 51.5%.

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