Rwanda Inflation Rate 1967-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Rwanda inflation rate for 2023 was 19.79%, a 2.1% increase from 2022.
  • Rwanda inflation rate for 2022 was 17.69%, a 18.08% increase from 2021.
  • Rwanda inflation rate for 2021 was -0.39%, a 10.24% decline from 2020.
  • Rwanda inflation rate for 2020 was 9.85%, a 6.5% increase from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sierra Leone 47.64%
Haiti 36.81%
Ethiopia 30.22%
Malawi 28.79%
Burundi 26.94%
Rwanda 19.79%
Gambia 16.97%
Chad 10.84%
Madagascar 9.87%
Guinea 7.81%
Mozambique 7.13%
Nepal 7.11%
Uganda 5.35%
Tanzania 3.80%
Niger 3.70%
Central African Republic 2.98%
Benin 2.73%
South Sudan 2.38%
Mali 2.06%
Burkina Faso 0.74%
Rwanda Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 19.79% 2.10%
2022 17.69% 18.08%
2021 -0.39% -10.24%
2020 9.85% 6.50%
2019 3.35% 3.66%
2018 -0.31% -8.59%
2017 8.28% 1.11%
2016 7.17% 4.65%
2015 2.53% 0.17%
2014 2.35% -3.57%
2013 5.92% -4.35%
2012 10.27% 7.19%
2011 3.08% 3.33%
2010 -0.25% -13.19%
2009 12.94% -2.49%
2008 15.44% 6.36%
2007 9.08% 0.20%
2006 8.88% -0.13%
2005 9.01% -3.24%
2004 12.25% 4.80%
2003 7.45% 5.46%
2002 1.99% -1.35%
2001 3.34% -0.56%
2000 3.90% 6.31%
1999 -2.41% -8.62%
1998 6.21% -5.81%
1997 12.02% 4.60%
1996 7.41% -4.94%
1993 12.35% 2.79%
1992 9.56% -10.08%
1991 19.64% 15.45%
1990 4.19% 3.18%
1989 1.01% -1.97%
1988 2.98% -1.15%
1987 4.13% 5.25%
1986 -1.12% -2.88%
1985 1.76% -3.61%
1984 5.37% -1.22%
1983 6.59% -5.97%
1982 12.57% 6.11%
1981 6.45% -0.80%
1980 7.25% -8.42%
1979 15.67% 2.40%
1978 13.27% -0.38%
1977 13.66% 6.49%
1976 7.17% -23.06%
1975 30.23% -0.86%
1974 31.09% 21.71%
1973 9.37% 6.28%
1972 3.09% 2.60%
1971 0.49% -0.03%
1970 0.51% 0.03%
1969 0.48% -2.68%
1968 3.16% 1.71%
1967 1.45% 1.71%