Inflation Rate in Rwanda
In April, inflation cooled to a seven-month low of 28.4% (March: 31.0%), but still markedly above the 2.0–8.0% target band. The moderation was driven by softer price increases for food and transport. Despite high inflation, the National Bank of Rwanda maintained the key interest rate at 7.00% at its 11 May meeting. Inflation will average markedly higher than in 2022.
Rwanda Inflation Rate Chart
Rwanda Inflation Rate Data
|Inflation (CPI, ann. var. %, aop)||8.3||-0.3||3.3||9.9||-0.4|