Rwanda: Food Crisis, Oil Prices to Blame for Rising Inflation

Kigali — The Economist Intelligence Unit has revised its Rwanda inflation forecasts for 2008 by about two percentage points to 9.5%, RNA reports.

The economic research and advisory group that also publishes the Economist magazine estimated last year that the inflation rate for 2008 would be at 7.5% and 7.3% in 2009. The group now says in its latest country report for Rwanda that inflation will peak at 9.5% in 2008 and later drop to 8% in 2009.

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