UBOS today released its monthly market report indicating that the annual headline inflation rate for the year ending January 2012 dropped to 25.7% from 27.0% recorded for the year ended December 2011.

Releasing the report in Kampala, the director macro economics statistics, Dr. Mukiza Chris states that food inflation decreased to 27.3% in January 2012 from 34.6% in December 2011 with non food prices inflation rising to 24.2% in January 2012.

UBOS Sya that the reduction on fuel prices, as well prices of food stuffs contributed greatly to the drop inflation.

Dr. Mukiza says that Arua registered the highest annual headline inflation rate of 39.3% compared to40.7% in December followed by Mbale and Kampala standing at 26.1% from 24.7% in December due to high income.

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The A4C coordinator Mathias Mpuuga says that apart from the walk to work campaigns, they will continue several activities including sensitising the public about ways of forcing the Government to find possible solutions to the country’s problems.

The development comes at a time when 3 members of the forum are in custody in Luzira over their walk to work on charges of treason.

Mpuuga says they will not retreat until there is an achievement.

He urges the public to be optimistic instead of losing hope and push harder to change the country’s situation economically.

The current country’s inflationary rating today stands at 30% as by October in records issues by the Bureau of Statistics.

Ultimate Media

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