Inflation Rwanda 2019
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 11.9%. The lowest inflation was in February at -0.4%.
- Highest month
- December: 11.9%
- Lowest month
- February: -0.4%
- Difference
- 12.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.0%. The lowest price increase was in Energy with an average of 2.7%.
- Highest increase
- Food: 4.0%
- Lowest increase
- Energy: 2.7%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 4.3%
- All-time high (2008)
- 15.4%
- All-time low (2018)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 2018, inflation has fallen by +3.7 percentage point.
- Change vs. previous year
- +3.7 percentage points
- Largest monthly swing
- November: +12.8 percentage points
ECB Target
Inflation is 1.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 0.2% | +0.1 |
| February | -0.4% | +0.9 |
| March | 0.7% | +2.1 |
| April | -0.3% | -0.2 |
| May | -0.4% | -2.2 |
| June | 0.9% | -0.5 |
| July | 1.6% | +1.0 |
| August | 2.8% | +2.2 |
| September | 4.6% | +5.7 |
| October | 7.2% | +10.6 |
| November | 11.8% | +12.8 |
| December | 11.9% | +11.8 |
| Average | 3.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.