Rwanda - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Rwanda was 165.30 as of 2021. As the graph below shows, over the past 55 years this indicator reached a maximum value of 165.95 in 2020 and a minimum value of 2.30 in 1966.

Definition: Consumer price index reflects changes 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. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1966 2.30
1967 2.33
1968 2.41
1969 2.42
1970 2.43
1971 2.44
1972 2.52
1973 2.76
1974 3.61
1975 4.70
1976 5.04
1977 5.73
1978 6.49
1979 7.51
1980 8.05
1981 8.57
1982 9.65
1983 10.28
1984 10.84
1985 11.03
1986 10.90
1987 11.35
1988 11.69
1989 11.81
1990 12.30
1991 14.72
1992 16.13
1993 18.12
1995 36.05
1996 38.72
1997 43.37
1998 46.07
1999 44.96
2000 46.71
2001 48.27
2002 49.23
2003 52.90
2004 59.38
2005 64.74
2006 70.49
2007 76.89
2008 88.76
2009 100.25
2010 100.00
2011 103.08
2012 113.67
2013 120.40
2014 123.24
2015 126.35
2016 135.42
2017 146.63
2018 146.17
2019 151.07
2020 165.95
2021 165.30

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices