Rwanda’s inflation decreased to 4.8% in 2024 from 14.0% in 2023, thanks to strong agricultural performance, easing commodity prices, and monetary policy changes. Despite a slight uptick to 7.4% in early 2025, projections remain optimistic for continued stability and low inflation rates.
In 2024, Rwanda saw a significant decrease in inflation to 4.8 percent, down from 14.0 percent in 2023. Central Bank Governor Soraya Hakuziyaremye attributed this decline to strong local agricultural output, easing international commodity prices, and tight monetary policies from the central bank. Government initiatives aimed at lowering essential goods’ costs also contributed to decreasing inflation.
The substantial drop in Rwanda’s inflation rate over the past year indicates improved economic stability and increased consumer purchasing power, leading to greater disposable income. However, ongoing risks, including potential global tensions and adverse weather conditions, need vigilance. The outlook for economic growth remains positive, supported by robust industrial and service sector performances.
Original Source: www.newtimes.co.rw
