Uganda inflation sees marginal decline in September
Kampala September 30 – Uganda’s headline inflation slowed down to 4.2 percent in September continuing gains made in the year to August when it was recorded at 4.8pc.
Chris Mukiza the Director of Macro Economic Statistics at the Uganda Bureau of Statistics attributes the slowdown to a decline in annual core inflation which stood at 4.1pc for the year to September 2016.
“The decline in annual core inflation was facilitated by a decline in other goods inflation and other services inflation. Other goods inflation slowed to 4.4pct for the year ending September 2016 compared to 5.3pc registered during the year ended August. Other services inflation declined to 3.6pc percent for the year to September 2016,
compared to the 4.5pc that was recorded during the year ended August 2016,” he said.
Consumers however paid more for food and related items as well as energy and utilities for the period to September compared to August 2016 although vegetables registered a decline to 11.1pc for September 2016 compared to 13.8pc for the preceding period.
Mukiza says the 5.1pc increase on annual food crops and related inflation for the year was driven by high inflation for fruits registering a 1.0pc increase compared to the minus 4.6pc that was recorded during the year to August 2016.He also explains that the increment in annual energy, fuel and utilities inflation to 4.3pc was driven by a
rise in annual inflation for charcoal that increased to 6.6pc compared to 3.3pc for August.