Inflation Rwanda 2024
Average inflation: 1.8%
Current Inflation
Inflation is low at 1.8%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 6.4%. The lowest inflation was in September at -0.8%.
- Highest month
- December: 6.4%
- Lowest month
- September: -0.8%
- Difference
- 7.2 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 -2.5%.
- Highest increase
- Energy: 3.2%
- Lowest increase
- Food: -2.5%
Historical Context
Current inflation is 8.1% lower than the 5-year average of 9.9%.
- 5-year average
- 9.9%
- 10-year average
- 7.1%
- All-time high (2023)
- 20.4%
- All-time low (2021)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +18.6 percentage point.
- Change vs. previous year
- -18.6 percentage points
- Largest monthly swing
- March: -30.4 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.1% | -28.0 |
| February | 3.2% | -27.1 |
| March | 0.6% | -30.4 |
| April | -0.4% | -28.8 |
| May | 1.3% | -21.1 |
| June | 1.1% | -19.3 |
| July | 1.5% | -15.8 |
| August | 1.7% | -15.7 |
| September | -0.8% | -19.2 |
| October | 0.5% | -12.4 |
| November | 3.4% | -6.0 |
| December | 6.4% | +0.2 |
| Average | 1.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.