Inflation Rate Trends and Forecast for Rwanda from 1990 to 2029

Inflation Rate Trends and Forecast for Rwanda from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Rwanda from 1990 to 2029. TGM StatBox.
Chart Details
Timeframe: 1990-2029
Country: Rwanda
Published date: 2024
Note:

The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.

Key Takeaways

Rwanda experienced significant inflationary pressures during the 1990s due to political instability and the aftermath of the 1994 genocide. Inflation peaked at 56.0% in 1995 but decreased to 13.2% in 1996 as reconstruction efforts stabilized the economy. Inflation was brought under control in subsequent years, with deflation of -2.4% in 1999 reflecting improved fiscal management.

More recently, inflation rose to 13.9% in 2022 and 14.0% in 2023, driven by global supply chain disruptions and energy price shocks. Projections suggest stabilization at 5.0% from 2026 onward, supported by Rwanda's robust economic policies and regional trade integration.

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