Inflation Rwanda 2021
Average inflation: -0.3%
Current Inflation
There is deflation with consumer prices declining by 0.3%.
Peak and Trough
The highest inflation was in January at 3.5%. The lowest inflation was in November at -3.4%.
- Highest month
- January: 3.5%
- Lowest month
- November: -3.4%
- Difference
- 6.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 3.2%. The lowest price increase was in Food with an average of -4.0%.
- Highest increase
- Energy: 3.2%
- Lowest increase
- Food: -4.0%
Historical Context
Current inflation is 4.5% lower than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 4.7%
- All-time high (2020)
- 9.9%
- All-time low (2021)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 2020, inflation has fallen by +10.2 percentage point.
- Change vs. previous year
- -10.2 percentage points
- Largest monthly swing
- September: -14.0 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 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 3.5% | -8.0 |
| February | 2.2% | -11.3 |
| March | 1.7% | -11.4 |
| April | 2.7% | -7.4 |
| May | 0.4% | -9.5 |
| June | 0.1% | -10.2 |
| July | -1.1% | -12.6 |
| August | -1.8% | -12.7 |
| September | -3.2% | -14.0 |
| October | -3.3% | -12.6 |
| November | -3.4% | -7.9 |
| December | -2.0% | -5.9 |
| Average | -0.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.