News Latest Annual Headline Inflation Falls
Annual Headline Inflation Falls
The general prices index for Uganda slowed down to for the 12 months ended July this year, compared to the 12 months ended June 2012, with some items like food recording falling prices.
According to Uganda Bureau of Statistics, inflation fell to 14.3% at end of July, down from 18% for the year ended June, recording one of the biggest declines since October.
While the electricity, fuel and water sector show prices rise faster due to the fuel scarcity two weeks ago, prices of most major foodstuffs went down.
UBOS Principal Statistician John Mayende says the main price falls were in rural centres, while prices in Kampala and Arua rose at the highest rates.
The Statistics body said food crops registered an annual inflation rate of 7.5% for the year ending July 2012 compared to 11.3% registered in June, in the same year. It said the annual core inflation rate, which excludes food crops, fuel, electricity and metered water declined to 15.4% from 19.6% (revised) in July and June respectively.
However, the annual energy, fuel and utilities inflation rate rose to 16.7% for the year ending July 2012 compared to 12.9% for the year ended June 2012.
The central bank reduced the central bank rate to 19% at the beginning of July this year from 20% in June. It (central bank) will announce the CBR for August on Thursday this week.
According to Uganda Bureau of Statistics, inflation fell to 14.3% at end of July, down from 18% for the year ended June, recording one of the biggest declines since October.
While the electricity, fuel and water sector show prices rise faster due to the fuel scarcity two weeks ago, prices of most major foodstuffs went down.
UBOS Principal Statistician John Mayende says the main price falls were in rural centres, while prices in Kampala and Arua rose at the highest rates.
The Statistics body said food crops registered an annual inflation rate of 7.5% for the year ending July 2012 compared to 11.3% registered in June, in the same year. It said the annual core inflation rate, which excludes food crops, fuel, electricity and metered water declined to 15.4% from 19.6% (revised) in July and June respectively.
However, the annual energy, fuel and utilities inflation rate rose to 16.7% for the year ending July 2012 compared to 12.9% for the year ended June 2012.
The central bank reduced the central bank rate to 19% at the beginning of July this year from 20% in June. It (central bank) will announce the CBR for August on Thursday this week.
Tuesday, 31 July 2012 15:00
