Inflation Rwanda 2020
Average inflation: 9.9%
Current Inflation
Inflation is very high at 9.9%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 13.5%. The lowest inflation was in December at 3.9%.
- Highest month
- February: 13.5%
- Lowest month
- December: 3.9%
- Difference
- 9.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 15.8%. The lowest price increase was in Energy with an average of 3.5%.
- Highest increase
- Food: 15.8%
- Lowest increase
- Energy: 3.5%
Historical Context
Current inflation is 4.2% higher than the 5-year average of 5.7%.
- 5-year average
- 5.7%
- 10-year average
- 5.3%
- All-time high (2008)
- 15.4%
- All-time low (2018)
- -0.3%
Trend
Inflation shows an upward trend. Compared to 2019, inflation has risen by +6.5 percentage point.
- Change vs. previous year
- +6.5 percentage points
- Largest monthly swing
- February: +13.9 percentage points
ECB Target
Inflation is 7.9% 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 €109.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 11.5% | +11.3 |
| February | 13.5% | +13.9 |
| March | 13.1% | +12.4 |
| April | 10.1% | +10.4 |
| May | 9.9% | +10.3 |
| June | 10.3% | +9.4 |
| July | 11.5% | +9.9 |
| August | 10.9% | +8.1 |
| September | 10.8% | +6.2 |
| October | 9.3% | +2.1 |
| November | 4.5% | -7.3 |
| December | 3.9% | -8.0 |
| Average | 9.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.