Industrial Producer Price Index Report: February 2026

A new report from the National Institute of Statistics reveals that in February 2026, industrial producer prices increased by 13.9% compared to February 2025. This indicates a continuing upward trend in prices within this vital sector of the national economy.

Annual Price Changes (Year-on-Year) and the overall increase was primarily driven by key industrial sectors like Mining and Quarrying which Increased by 20.1%, Manufacturing Increased by 12.8%, and Electricity which Saw the highest spike at 34.8%.

These figures highlight how energy costs and mineral production continue to exert significant influence over general industrial pricing.

Monthly Trends (January to February 2026)

The upward trajectory is not limited to annual comparisons. Between January and February 2026, industrial prices rose by 7.7%. This short-term surge was largely fueled by an 8.8% increase in the manufacturing sector, demonstrating a rapid pace of inflation even within a single month.

The report breaks down the impact on products intended for local consumption versus those destined for international markets:

• Domestic Market: Prices for goods produced for local consumption rose by 12.7% compared to February 2025. This was driven by an 11% rise in manufacturing and the sharp spike in electricity costs. Compared to January 2026, domestic prices rose by 8.4%.

• Export Market: Prices for goods exported abroad increased by 17.9% year-on-year, mainly due to higher prices for minerals and various manufactured goods. However, the monthly increase was more modest, at 1.9% compared to January.

This data illustrates that industrial price hikes are currently sustained by two pillars: energy costs and export production (specifically minerals). While this trend may continue to impact consumer prices in local markets, it also signals high profit potential for exporters and reflects the ongoing development of Rwanda’s industrial landscape.