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Inflation Rates Soar

Uganda_Bureau_of_Staictistics_offices_in_Kampala_401140423

decease http://cosmeticluxus.com/wp-admin/includes/widgets.php geneva;”>The food crop inflation rate was registered at -5.2 percent for the month of May compared to -7.5 percent of the month of April.


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However, the Annual core inflation decreased from 5.8 percent for April 2013 to 5.6 percent for the month of May 2013.


“Similarly the annual energy, fuel, and utilities inflation decreased to 0.6 percent for May 2013 from 1.8 percent registered for April 2013,” he made the remarks, Paul Ben Mungyereza, the Executive Director, Uganda Bureau of Statistics.


He said this on Friday at the Uganda Bureau of Statistics offices in Kampala.


He said Kampala registered the highest Annual Inflation rate of 6.0 percent in the month of May 2013 compared to 6.1 percent in April 2013 which was driven by high price levels for beverages, rent, house hold textile, furniture and transport fares.


“Jinja district registered the second highest inflation rate of 4.4 percent from 4.5 percent which was driven by high price levels for beverages, footwear, rent, fire wood and health service,” he added.


The monthly Headline Inflation for May 2013 rose by 0.1 percent compared to the 1.4 percent increase recorded in April 2013.


However, the monthly core inflation is registered to have been relatively stable between May and April 2013 while the food crops inflation registered a 0.9 percent rise in may compared to the 8.8 percent increase in April 2013.


According to Mungyereza, the increase is attributed to the rise in prices of cassava, matooke, irish potatoes, cabbages, tomatoes and carrots in most centres mainly due to decreased supply on the market.


He also said a decrease in prices was recorded for sweet potatoes, sweet bananas, green paper, passion fruits, and fish.

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