In January 2025, Rwanda’s producer prices rose by 0.6% year-on-year, marking the second consecutive monthly increase. This growth was supported by a 0.6% rise in manufacturing and a 1.1% increase in mining. Monthly, prices rebounded with a 0.8% rise, recovering from a 0.5% drop in December, while several sectors such as utilities remained unchanged.
In January 2025, Rwanda experienced a 0.6% year-on-year increase in producer prices, following a 0.2% rise in December of the previous year. This marks the second consecutive month of growth, primarily driven by increases in manufacturing prices, which rose by 0.6% compared to 0.1% in December. Additionally, mining and quarrying prices saw a 1.1% increase, albeit slightly below the 1.2% rise recorded in the preceding month.
Notably, several sectors such as electricity, gas, steam, air conditioning supply, and water supply remained stable, showing no change in producer prices during this period. This stability contrasts with the fluctuations observed in other sectors of the economy. Furthermore, on a monthly basis, producer prices rose by 0.8% in January, rebounding from a 0.5% decline in December, indicating a positive shift in the market dynamics.
In summary, Rwanda’s producer prices have increased for the second month in a row, driven mainly by manufacturing and mining sectors. Despite the steadfast nature of several utilities, the overall trend signifies a recovery with a notable monthly rebound in January following previous declines. This upward trajectory may suggest improved economic conditions and a positive outlook for the coming months.
Original Source: www.tradingview.com
