Monday, December 10, 2012

Rwanda urban inflation falls to 4.55 pct in November

KIGALI (Reuters) - Rwanda's year-on-year urban inflation fell to 4.55 percent in November, thanks to a drop in prices of food and non-alcoholic beverages, the statistics office said on Monday.

Prices of fish, vegetables and health services fell during the month. The landlocked central African nation's economic growth rose to 9.4 percent in the fiscal year ended last June from 7.4 percent previously.

But economic growth prospects could wane if donors, who suspended some aid over Rwanda's alleged support for rebels in the neighbouring Democratic Republic of Congo, fail to reinstate the aid soon, Finance Minister John Rwangombwa said.

Rwangombwa told a conference in Kigali last week that Rwanda may have to cut its 2013 economic growth forecast if $240 million in aid remains frozen.

Source: http://news.yahoo.com/rwanda-urban-inflation-falls-4-55-pct-november-112203294--business.html

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