Inflation Rwanda 2018
Average inflation: -0.3%
Current Inflation
There is deflation with consumer prices declining by 0.3%.
Peak and Trough
The highest inflation was in May at 1.8%. The lowest inflation was in October at -3.4%.
- Highest month
- May: 1.8%
- Lowest month
- October: -3.4%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 11.0%. The lowest price increase was in Food with an average of -7.3%.
- Highest increase
- Energy: 11.0%
- Lowest increase
- Food: -7.3%
Historical Context
Current inflation is 4.3% lower than the 5-year average of 4.0%.
- 5-year average
- 4%
- 10-year average
- 5.3%
- All-time high (2008)
- 15.4%
- All-time low (2018)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 2017, inflation has fallen by +8.8 percentage point.
- Change vs. previous year
- -8.8 percentage points
- Largest monthly swing
- February: -14.7 percentage points
ECB Target
Inflation is 2.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 0.1% | -11.9 |
| February | -1.3% | -14.7 |
| March | -1.4% | -14.4 |
| April | -0.1% | -13.0 |
| May | 1.8% | -9.9 |
| June | 1.4% | -8.0 |
| July | 0.6% | -7.5 |
| August | 0.6% | -6.6 |
| September | -1.1% | -8.2 |
| October | -3.4% | -8.7 |
| November | -1.0% | -2.6 |
| December | 0.1% | +0.3 |
| Average | -0.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.