According to newly released data on September 10, 2024, Rwanda’s Consumer Price Index (CPI) recorded an increase, rising to 1.70% in August 2024. This marks a modest uptick from the 1.50% reported in July 2024.The latest figures reflect the year-over-year change for August, indicating a steady climb compared to the same month in the previous year. The comparison with July highlights a consistent, albeit modest, upward trajectory in the nation’s inflation rate, suggesting slight but ongoing inflationary pressures within the Rwandan economy.Economists will likely scrutinize these numbers to better understand the underlying factors contributing to this steady rise in CPI, assessing impacts on both the local economy and consumer purchasing power. Further analysis and subsequent months of data will be crucial in determining whether this increase signifies a more significant trend or remains an isolated adjustment.The material has been provided by InstaForex Company – www.instaforex.com
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