Rwanda’s inflation fell to 4.8 percent in 2024 from 14.0 percent in 2023 due to strong agricultural performance, easing commodity prices, and tight monetary policies. Governor Hakuziyaremye expressed optimism for continued stability despite a predicted temporary rise in early 2025.
In 2024, Rwanda’s inflation rate significantly decreased to 4.8 percent, a substantial drop from 14.0 percent in 2023. Central Bank Governor Soraya Hakuziyaremye attributed this positive shift to robust domestic agricultural output, declining international commodity prices, and the bank’s stringent monetary policies. Additionally, government interventions aimed at reducing essential goods’ costs were instrumental in the reduction of inflation rates.
In conclusion, Rwanda’s inflation rate has seen a remarkable decline, which experts attribute to favorable agricultural performance and prudent monetary policies. However, vigilance remains crucial due to potential risks that could impact future economic stability. Overall, Rwanda appears positioned for stable economic growth in the years to come based on current projections.
Original Source: www.newtimes.co.rw
