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Uganda’s Inflation Rate Drops To 0.3 Percent In September

Uganda’s inflation rate drops to 0.3 percent in September


Samuel Okiror September 30, 2010


Kampala, Uganda


   Uganda’s annual headline inflation rate dropped to 0.3 percent in September from 1.7 percent in August, the country’s statistics bureau said on Thursday


   The Uganda Bureau of Statistics (UBOS) said in a statement that the annual core inflation rate which excludes food crops, fuel, electricity and metered water went up slightly to 4.1 percent compared to 4.0 percent in August.


   “Food crops registered a further annual deflation rate of 17.6 percent for the year ending September 2010 compared with a deflation rate of 9.2 percent registered in August 2010,” UBOS said in a statement.


   The annual energy, fuel and utilities inflation rate rose to 2.1 percent in September from 1.8 percent in August.


   The monthly headline inflation rate went up to 1.0 percent in September compared to a 0.5 percent rise recorded in August due to a low food supply in the market.


   The monthly core inflation rate rose to 0.4 percent in September 2010.


    The monthly food crops inflation rate increased further to 4.6 percent in September 2010 compared to a rise of 3.7 percent registered in August.


 “During the month, the food price index rose by 3.0 percent due to an increase in prices of matoke, Irish potatoes, beans, fish, fresh milk and bread in most centres,” said UBOS.

 “The increase in prices of these food items is primarily attributed to low supplies to the markets,” it said. Enditem

Product Id: 100022
Posted By: Egadu Samuel Okiror
Country: Uganda
Category: Business
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