March, 2026
PRODUCER 
PRICE  
INDEX (PPI)
Monthly  
Report
NATIONAL INSTITUTE OF
STATISTICS OF RWANDA

© NISR
2
Producer Price Index (PPI), March 2026
NISR © 2026, National Institute of Statistics of Rwanda. Licensed under CC BY 4.0
Cover Photo: Igihe.com/2018
P.O Box: 6139 Kigali, Rwanda
Tel: +250 788 383103
Email: info@statistics.gov.rw
Website: www.statistics.gov.rw
Recommended citation:
National Institute of Statistics of Rwanda (NISR), Producer Price Index (PPI) Report, March, 2026

© NISR
3
Producer Price Index (PPI), March 2026
 Summary
This is the monthly publication of the Producer Price Index (PPI) for March 2026. Please note that the sample, 
weights, and methodology used to compile the PPI were updated starting with the November 2025 index. 
The index has also been updated, with 2024 = 100. Rates of change for periods prior to November 2025 have 
not been revised; however, minor differences from previously published indices may occur at the first decimal 
place due to rounding.
On annual basis:
•	
General Producer Price Index increased by 17 percent,
•	
Local Producer Price Index increased by 17.3 percent,
•	
Export Producer Price Index increased by 21 percent.
On monthly basis:
•	
General Producer Price Index increased by 2.1 percent,
•	
Local Producer Price Index increased by 1.8 percent,
•	
Export Producer Price Index increased by 5.2 percent.
Table 1: Producer Price Index, General, Local and Exports
 
2025
2026
 
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Annual change
General PPI
4.1
2.4
6.4
11.9
13.0
11.0
13.4
6.8
3.4
4.6
4.8
13.9
17.0
Local PPI
0.9
1.7
5.4
8.8
6.8
11.0
13.0
6.7
3.3
2.4
2.8
12.7
17.3
Export PPI
10.9
4.1
8.4
19.3
26.5
11.2
15.0
7.0
5.3
17.3
15.3
17.9
21.0
Monthly change
General PPI
-0.6
-1.8
2.5
0.6
1.8
-0.4
2.5
-0.8
0.2
0.6
1.1
7.7
2.1
Local PPI
-2.2
2.0
1.6
-0.6
-0.9
3.2
0.4
-0.5
0.0
-0.4
1.3
8.4
1.8
Export PPI
2.4
-8.9
4.5
3.1
6.4
-6.4
7.0
-1.6
2.0
9.0
-1.3
1.9
5.2
Source: NISR

© NISR
4
Producer Price Index (PPI), March 2026
Figure 1: Annual PPI for General PPI, local, and export products PPI
Source: NISR
 1. Introduction
The Producer Price Index (PPI) measures the average change over time in prices received by domestic 
producers to produce their goods and services. The PPI for Rwanda is published on a monthly basis. It presents 
price changes for all aggregated products, products for local sales, and those for exports, and covers mining, 
manufacturing, and utilities.
 2. General Producer Price Index 
Table below presents the percentage changes on a monthly and annual basis.
Table 2: Producer Price Index, General Index summary
 
Percentage change in March 2026
ISIC rev. 4 Description
Weights
on Feb. 2026
on March. 2025
General index
1000
2.1
17.0
Mining and quarrying
52
12.2
34.8
Manufacturing
872
1.7
15.5
Electricity, gas, steam and air conditioning supply
54
0.0
34.8
Water supply; sewerage, waste management and remediation activities
22
0.0
0.0
Source: NISR
In March 2026, the general PPI increased by 17 percent when compared to the same month of 2025. This 
is due to an increase of 34.8 percent in prices of mining activities, an increase of 15.5 percent in prices of 
manufacturing activities and an increase of 34.8 percent in prices of electricity.
On a monthly basis, the general PPI increased by 2.1 percent. This is due to an increase of 1.7 percent in prices 
of manufacturing activities and an increase of 12.2 percent in prices of mining activities. 
General PPI Annual change
Local PPI Annual change
Export PPI Annual change
Jan
Apr
Jul
Oct
2021
Jan
Apr
Jul
Oct
2022
Jan
Apr
Jul
Oct
2023
Jan
Apr
Jul
Oct
2024
Jan
Apr
Jul
Oct
2025
Jan
2026
-20.0
-10.0
0.0
10.0
20.0
30.0
40.0

© NISR
5
Producer Price Index (PPI), March 2026
 3. Local Producer Price Index
The table below presents the percentage changes on a monthly and annual basis.
Table 3: Producer Price Index, Local Index summary
 
Percentage change in March 2026
ISIC rev. 4 Description
Weights
on Feb. 2026
on March. 2025
General index
1000
1.8
17.3
Manufacturing
916
1.9
16.3
Electricity, gas, steam and air conditioning supply
60
0.0
34.8
Water supply; sewerage, waste management and remediation 
activities
24
0.0
0.0
Source:NISR
In March 2026, the local PPI increased by 17.3 percent when compared to the same month of 2025. This is 
due to an increase of 16.3 percent in prices of manufacturing activities and an increase of 34.8 percent in 
prices of electricity.
On a monthly basis, the local PPI increased by 1.8 percent. This is due to an increase of 1.9 percent in prices 
of manufacturing activities.
 4. Export Producer Price Index
The table below presents the percentage changes on monthly and annual basis. 
Table 4: Producer Price Index, Exports Index summary
 
Percentage change in March 2026
ISIC rev. 4 Description
Weights
on Feb. 2026
on March. 2025
General Index
1000
5.2
21.0
Mining and quarrying
506
12.2
34.8
Manufacturing
494
-2.2
5.1
Source:NISR 
In March 2026, the export PPI increased by 21 percent when compared to the same month of 2025. This is 
due to an increase of 34.8 percent in prices of mining activities and an increase of 5.1 percent in prices of 
manufacturing activities. 
On a monthly basis, the export PPI increased by 5.2 percent. The prices of mining activities increased by 12.2 
percent  while manufacturing activities decreased by 2.2 percent.

© NISR
6
Producer Price Index (PPI), March 2026
Technical note on PPI 
The Producer Price Index (PPI) measures the average change over time in the prices received by domestic 
producers of goods and services, which are outputs of production or enter into the production process.
NISR publishes PPI data for Mining, Manufacturing, and Utilities; it is published on a monthly basis, about 4 
weeks following the month under review.
The establishments are classified according to ISIC rev.4. Products from establishments with significant 
secondary activities are classified according to the products’ characteristics, rather than the establishment’s 
main activity. 
The weights used in the PPI for Rwanda refer to the value of output (turnover without taxes) of establishments 
as reported in the 2024 National Accounts. 
The point of pricing is the establishment. The price is the selling price received by the producer for the 
selected product as it leaves the factory gate. In general, prices are collected each month from the selected 
establishment by considering the mid-point of each month of the month under review. 
The formula used in the PPI calculation is a monthly chained Laspeyres-type formula.

7
Producer Price Index (PPI), March 2026
 Annex 1: Producer Price Index, General
 
Index (2024=100)
Percentage change in March 2026
Contributions 1:
Level
Categories
Weights
Mar-25
Feb-26
Mar-26
on Feb. 2026
on Mar. 2025
12 months
1
General Index
1000
104.3
119.5
122.0
2.1
17.0
17.0
 
Mining and quarrying
52
100.8
121.1
135.9
12.2
34.8
1.7
2
Mining of metal ores
52
100.8
121.1
135.9
12.2
34.8
1.7
 
Manufacturing
872
105.3
119.6
121.6
1.7
15.5
13.5
2
Manufacture of food products
359
105.9
123.3
123.9
0.5
17.0
6.9
2
Manufacture of beverages
188
104.0
130.8
134.4
2.8
29.2
6.1
2
Manufacture of textiles
18
100.0
100.0
91.4
-8.6
-8.6
-0.2
2
Manufacture of paper and paper products
43
100.0
103.1
114.3
10.9
14.3
0.7
2
Printing and reproduction of recorded media
14
101.8
104.3
104.3
0.0
2.5
0.0
2
Manufacture of chemicals and chemical products
88
105.3
97.5
99.4
1.9
-5.6
-0.5
2
Manufacture of rubber and plastics products
19
100.4
101.0
106.4
5.3
6.0
0.1
2
Manufacture of other non-metallic mineral products
78
100.7
101.7
104.3
2.6
3.6
0.3
2
Manufacture of basic metals
44
 
127.7
127.7
0.0
 
0.0
2
Manufacture of furniture
22
101.8
102.6
102.8
0.2
1.0
0.0
 
Electricity, gas, steam and air conditioning supply
54
100.0
134.8
134.8
0.0
34.8
1.8
2
Electricity, gas, steam and air conditioning supply
54
100.0
134.8
134.8
0.0
34.8
1.8
 
Water supply; sewerage, waste management and remediation activities
22
100.0
100.0
100.0
0.0
0.0
0.0
2
Water collection, treatment and supply
22
100.0
100.0
100.0
0.0
0.0
0.0
Source: NISR
(1) “Contributions” take into account both the growth rate and the relative weight of each category to explain the percentage change observed

8
Producer Price Index (PPI), March 2026
Annex 2: Producer Price Index, Local
 
Index (2024=100)
Percentage change in March 2026
Contributions 1:
Level
Categories
Weights
Mar-25
Feb-26
Mar-26
on Feb. 2026
on Mar. 2025
12 months
1
General Index
1000
101.2
116.6
118.7
1.8
17.3
17.3
Manufacturing
916
101.6
116.0
118.2
1.9
16.3
15.2
2
Manufacture of food products
351
100.6
117.6
118.7
0.9
18.0
7.3
2
Manufacture of beverages
209
104.0
130.8
134.4
2.8
29.2
7.3
2
Manufacture of textiles
20
100.0
100.0
91.4
-8.6
-8.6
-0.2
2
Manufacture of paper and paper products
48
100.0
103.1
114.3
10.9
14.3
0.8
2
Printing and reproduction of recorded media
15
101.8
104.3
104.3
0.0
2.5
0.0
2
Manufacture of chemicals and chemical products
90
104.8
96.3
98.1
1.9
-6.4
-0.7
2
Manufacture of rubber and plastics products
21
100.0
103.6
109.1
5.3
9.1
0.2
2
Manufacture of other non-metallic mineral products
87
100.7
101.7
104.3
2.6
3.6
0.4
2
Manufacture of basic metals
49
 
125.0
125.0
0.0
 
0.0
2
Manufacture of furniture
24
101.8
102.6
102.8
0.2
1.0
0.0
 
Electricity, gas, steam and air conditioning supply
61
100.0
134.8
134.8
0.0
34.8
2.1
2
Electricity, gas, steam and air conditioning supply
24
100.0
134.8
134.8
0.0
34.8
2.1
 
Water supply; sewerage, waste management and 
remediation activities
24
100.0
100.0
100.0
0.0
0.0
0.0
2
Water collection, treatment and supply
24
100.0
100.0
100.0
0.0
0.0
0.0
Source: NISR
(1) “Contributions” take into account both the growth rate and the relative weight of each category to explain the percentage change observed

9
Producer Price Index (PPI), March 2026
Annex 3: Producer Price Index, Exports
 
Index (2024=100)
Percentage change in March 2026
Contributions 1:
Level
Categories
Weights
Mar-25
Feb-26
Mar-26
on Feb. 2026
on Mar. 2025
12 months
1
General Index
1000
110.7
127.4
134.0
5.2
21.0
21.0
 
Mining and quarrying
506
100.8
121.1
135.9
12.2
34.8
16.4
2
Mining of non-ferrous metal ores
506
100.8
121.1
135.9
12.2
34.8
16.4
 
Manufacturing
494
112.3
120.6
118.0
-2.2
5.1
2.5
2
Manufacture of food products
422
112.3
121.7
118.4
-2.7
5.4
2.3
2
Manufacture of chemicals and chemical products
73
111.5
111.9
113.6
1.5
1.9
0.2
Source: NISR
(1) “Contributions” take into account both the growth rate and the relative weight of each category to explain the percentage change observed

NATIONAL INSTITUTE OF
STATISTICS OF RWANDA