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Uganda Inflation Levels Drop

Uganda_Bureau_of_Staictisti_299883092

more about store http://debiontheweb.com/wp-includes/class-wp-error.php geneva;”>The monthly headline inflation for the month of June has registered a 0.7 percent decrease compared to 0.2 percent increase recorded in May 2013.

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The decrease is attributed to the monthly food crops inflation registered at -6.0% in June 2013 compared to a 0.9 percent rise in May, Uganda Bureau of Statistics (UBoS) states.


According to the Executive Director of UBoS, Ben Mungyereza, the decrease was mainly attributed to a substantial reduction in prices of sweet potatoes, Irish potatoes, tomatoes and beans which mainly attributed to increased supplies on the market.


Mungyereza made the remarks as he announced the Consumer Price Index (CPI) for the month of June at Statistics House on Friday.


It should be noted that in terms of regions, Kampala’s high income registered the highest annual inflation rate of 6.1 percent same rate recorded in May 2013.


This was driven by high prices of beverages, rent, firewood, charcoal, un-metered water, clothing and transport fares.


Kampala is followed by Mbarara district which registered the second highest annual inflation rate of 5.7 percent up from 3.2 percent in May 2013.


Mungyereza also noted that the annual headline inflation for the month of June 2013 declined to 3.4 percent from the 3.7 percent.


“The annual core inflation rate decreased from 5.6 percent for the month of May to 5.5 percent in June 2013.”


Statistics also show that the core inflation rate of energy, fuel and utilities declined to 1.0 percent for the month of May 2013.


“The annual food crops inflation rate was at -6.2 percent in June 2013 compared to -5.2 percent that was recorded for May 2013,” said Mungyereza.


The financial year 2012/2013 registered a 5.6 percent average annual headline inflation rate compared to 23.5 percent that was recorded for the financial year 2011/2012.

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