Browsing: Uganda National Bureau of Statistics(UBOS)

Uganda's Consumer price inflation moderates in January

Uganda’s consumer price inflation moderated in January after striking its highest level in fifteen months in the previous month.

 According to the Uganda National Bureau of Statistics(UBOS), in January the annual rate on the consumer price index (CPI) fell to 3.4 per cent from 3.6 per cent in December, the second-lowest in ten months.

Uganda National Bureau of Statistics attributed the decrease in the headline inflation rate to a fall in annual footwear and clothing inflation, to 2.4 per cent against the 4.3 per cent reported for the 12 months ending December 2019.

In January, the annual transport inflation rate also decreased due to reductions in transport prices following the end of the festive season.

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Core inflation, which removes volatile food and energy prices and is closely monitored by the central bank, was unchanged at 3 per cent