Food and non-alcoholic beverages prices in urban areas increased by 29.2 per cent during the month of August compared to the same period last year according to the Consumer Price Index that was released, during weekend, by National Institute of Statistics of Rwanda.
The urban Consumer Price Index is calculated based on approximately 1,622 products in twelve urban centres of Rwanda.
The report shows that prices for bread and cereals increased by 27.9 per cent, meat increased by 19.4 per cent while milk cheese and eggs prices increased by 12.6 per cent.
The prices for vegetables increased by 35.5 percent while non-alcoholic beverages increased by 14.5 per cent as alcoholic beverages tobacco and narcotics increased by 10.8 per cent.
According to the index, food and nonalcoholic beverages increased by 0.3 per cent in August, 2022 compared to July, 2022.
Prices across the country increased by 20.4 percent on an annual basis and increased by 1.1 per cent on a monthly basis, the index shows.
Urban prices increased by 15.9 per cent on an annual basis (August 2022 and August 2021) and increased by 0.5 per cent on a monthly basis (August 2022 to July 2022).
In rural areas, prices increased by 23.6 per cent on an annual basis and increased by 1.6 per cent on a monthly basis.
The annual average inflation rate between August 2022 and August 2021 was 7.3 per cent.
Housing water, electricity, gas and other fuels prices increased by 7.5 percent, transport increased by 12.6 per cent and restaurants and hotels increased by 18.5 per cent on an annual basis.
General prices, for August 2022, increased by 0.5 per cent compared to July 2022.
The Consumer Price Index (CPI) is a measure of the average change over time of goods and services purchased by households.
The reference population for the CPI consists of all households, urban and rural in Rwanda.
The household basket includes 1,622 products sold in many places spread all over the country.
A variety of places of observation are selected namely shops, markets, hospitals, schools and others.
More than 29,482 prices in urban areas and 10,744 in rural areas are collected every month.
