Rwanda Reports Continued Rise in Producer Prices for January 2025

Rwanda’s producer prices increased by 0.6% year-on-year in January 2025, marking the second consecutive month of growth. This rise is attributed to increases in manufacturing and mining sectors, while several utility sectors showed stability. Monthly producer prices rebounded by 0.8% after a decline in December.

In January 2025, Rwanda experienced a 0.6% increase in producer prices year-on-year, following a 0.2% rise in the previous month. This recent surge marks the second consecutive month of growth in producer prices, driven primarily by manufacturing price increases of 0.6% as compared to 0.1% in December, alongside mining and quarrying prices which rose by 1.1%, slightly down from 1.2%.

Conversely, sectors such as electricity, gas, steam and air conditioning supply, water supply, sewerage, waste management and remediation, as well as information and communication activities, showed no change in prices during this period. On a monthly scale, producer prices rose by 0.8% in January, recovering from a 0.5% decline noted in December.

In summary, Rwanda’s producer prices have shown a notable upward trajectory over the past two months, indicating positive trends in manufacturing and mining sectors. The stabilization in certain utility sectors contrasts with these increases, highlighting a diverse economic landscape. The overall rebound from December’s price drop underscores potential resilience in Rwanda’s economic structure.

Original Source: www.tradingview.com