FX.co ★ Rwanda's Inflation Rate Climbs to 5.00% in November: Year-Over-Year Analysis

In November 2024, Rwanda experienced a significant rise in its inflation rate, with the Consumer Price Index (CPI) reaching 5.00%, up from 3.80% in October. This data, which was recently updated on December 10, 2024, highlights the year-over-year change, comparing the figures for November to the same month in the previous year.

The increase in the CPI underscores growing inflationary pressures in Rwanda, marking a 1.2 percentage point rise in just one month. The shift from 3.80% in October to 5.00% in November reflects a broader trend that has been affecting consumer prices across the nation.

The rise in inflation could pose challenges for the Rwandan economy, potentially impacting the purchasing power of consumers and affecting economic stability. As the country navigates these changes, policymakers and economic analysts will be closely monitoring the CPI and its broader implications on the national economy in the upcoming months. This latest development is crucial for both domestic stakeholders and international investors keeping an eye on Rwanda's economic landscape.