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Rwanda’s economic boom meets a 20% inflation shock

A section of the city side of Kigali, Rwanda. Photo by Chris wade NTEZICIMPA @Pexels
A section of the city side of Kigali, Rwanda. Photo by Chris wade NTEZICIMPA @Pexels

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Food prices push Rwanda’s inflation to its highest level since June 2023.
  • Central bank faces mounting price pressures despite Rwanda’s rapid economic expansion.

 

KIGALI, RWANDA – Rwanda’s annual national inflation surged to 20% in September as soaring food prices squeezed households despite rapid economic growth.

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