Rwanda's inflation slows to 0.2% in September

GMT 16:35 2014 Saturday ,11 October

Arab Today, arab today Rwanda's inflation slows to 0.2% in September

Rwanda market
Klgali - XINHUA

Rwanda's consumer price index (CPI), a main gauge of inflation, fell to 0.2 percent year on year in September 2014 from 0.9 percent in August, the National Institute of Statistics of Rwanda (NISR) said in a statement made available Friday to Xinhua in Kigali.
Amongst the various CPI components in September 2014, clothing and footwear, education and restaurants and hotels rose by 8.7, 7. 1 and 5.8 percent year on year, respectively.
On the other hand, the data also show the local goods decreased by 0.2 percent on annual change and it is increased by 0.3 percent on a monthly basis, while prices of the imported products increased by 2.1 percent on annual change with a monthly change of 1.2 percent.
The statement said underlying inflation continued an easing trend in September 2014, largely thanks to the slower year-on-year increases in private housing rentals and the modest rises in import prices.
It is expected that the underlying inflation should remain contained for the rest of the year, given the generally modest local and external price pressures.
The statistics bureau attributed the slowdown mainly to falling fresh products prices, which dropped 11.3 percent in September from August 2014.

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