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Annual Headline Inflation Rises to 7.2%; Attributed to Increase in Food Prices

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The Annual Headline Inflation for the year ending September 2015, generic mind http://cebudoctorsuniversity.edu/events/cdu-employees-basketball-tournament.php increased to 7.2 % compared to the 4.8% that was recorded at the end of August, here according to Uganda Bureau of Statistics (UBOS).

The government agency has attributed this to the annual food crops inflation, for sale that increased from 1.8% in Aug to 10.2% in September.

UBOS also revealed that the Core inflation increased from 5.5% realized in August to 6.7% in September.

“Energy, Fuel and Utilities (EFU) inflation declined to 3.8% compared to 3.9% registered in August,” the agency disclosed.

Similarly, Annual Core Inflation increased to 6.7% compared to 5.5% registered in the previous month.

Information from UBOS shows that Masaka center registered the highest Annual Inflation of 10.5% compared to 5.5% in August.

This was driven by high price levels of food, clothing, footwear, rent, charcoal, firewood, other goods and services.

Second was Mbarara center which registered 9.3% compared to 3.3% in August.

The main drivers were high price levels of food, clothing, footwear, medical services and meals in restaurants.

Kampala Middle and Low Income center registered the third highest Annual Inflation of 7.5%, compared to 6.0% recorded in August 2015.

Food registered an annual inflation of 10.5% compared to 5.1% previously. Annual Non- Food Inflation also increased to 5.7% from 4.7%.

Inflation for other goods rose to 6.4% while that of services went up to 6.7 %.

Monthly Headline Inflation for September 2015 increased by 2.6% from the earlier 0.5 % rise recorded in August 2015.


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