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Rwanda’s Rising Producer Prices | Rwanda News
Rwanda’s producer prices surged 20.8% year-over-year in July, driven by a staggering 77.1% spike in mining costs and a 34.8% jump in electricity—manufacturing also rose 17.8%. While monthly growth slowed to just 0.5%, annual inflation hit 14.5% for consumers, up from 13.6% in June. The National Bank responded by hiking its key rate to 8.75% to curb inflation, but faces a tough balancing act amid strong economic growth. Higher input costs are already pushing up everyday expenses, and businesses may soon pass these burdens to consumers—making cheaper goods feel further out of reach. Listen in…
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