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Rwandan Govt Attempts to Tame Increasing Food Prices

Rwanda's Ministry of Trade and Industry has deployed teams across the country to inquire into factors behind drastic rise in food prices.

Food and non-alcoholic beverages prices in urban areas have also increased by 29.2% during the month of August compared to the same period last year according to the Consumer Price Index that was released by the National Institute of Statistics of Rwanda.

The government is mulling exempting some locally processed foods from VAT to tame the prices on local market and to allow them to compete favourably with imported food, according to Trade and Industry Minister, Jean-Chrysostome Ngabitsinze.

The food that may be exempted according to the minister include rice and maize flour which are locally produced.

  • Rwanda:  Govt Moves to Probe 'Sharp' Increase in Potato Prices

    New Times, 14 September 2022

    The Ministry of Trade and Industry has deployed teams across the country to inquire into factors behind drastic rise in Irish potato prices among other food prices to the extent… Read more »

  • Rwanda:  Agricultural Exports Increase By 44%

    New Times, 13 September 2022

    Rwanda's agricultural exports increased by 44 per cent to over $640.9 million (over Rwf663 billion) in 2021-2022, from $444.8 million (over Rwf460 billion) in the previous… Read more »

  • Rwanda:  Food Prices Increase By 29%

    New Times, 12 September 2022

    Food and non-alcoholic beverages prices in urban areas increased by 29.2 percent during the month of August compared to the same period last year according to the Consumer Price… Read more »

  • Rwanda:  Trade Ministry Sets New Milk Prices

    New Times, 23 August 2022

    The Ministry of Trade and Industry has set new prices for unprocessed fresh milk as the market faces milk shortages and price speculations from different retailers. Read more »

  • Rwanda:  Commodity Prices Rise By 13.7%

    New Times, 11 July 2022

    The prices of goods and services increased by 13.7 per cent in June 2022 compared to the same month last year, and 0.8 per cent increase on a monthly basis, according to National… Read more »

InFocus

Faustin Niyigena/New Times

(file photo).

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