Inflation Rwanda 2008
Average inflation: 15.4%
Current Inflation
Inflation is very high at 15.4%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 22.3%. The lowest inflation was in February at 6.3%.
- Highest month
- November: 22.3%
- Lowest month
- February: 6.3%
- Difference
- 16.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 18.2%. The lowest price increase was in Food with an average of 16.4%.
- Highest increase
- Energy: 18.2%
- Lowest increase
- Food: 16.4%
Historical Context
Current inflation is 4.8% higher than the 5-year average of 10.6%. This approaches the highest level since records began (15.4% in 2008).
- 5-year average
- 10.6%
- 10-year average
- 10.6%
- All-time high (2008)
- 15.4%
- All-time low (2006)
- 8.9%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +6.3 percentage point.
- Change vs. previous year
- +6.3 percentage points
- Largest monthly swing
- December: +15.7 percentage points
ECB Target
Inflation is 13.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €115.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 6.4% | -6.2 |
| February | 6.3% | -4.6 |
| March | 7.5% | -4.5 |
| April | 11.1% | +1.0 |
| May | 12.4% | +3.6 |
| June | 15.4% | +8.1 |
| July | 18.3% | +10.1 |
| August | 20.0% | +11.6 |
| September | 20.5% | +12.5 |
| October | 21.9% | +14.0 |
| November | 22.3% | +13.7 |
| December | 22.3% | +15.7 |
| Average | 15.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.