The Uganda Bureau of Statistics has released its latest market research indicating that annual headline inflation has reduced tremendously. 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 […]
By Mugisa Isaac Mathias As a result in the increased cost of living and high cost of essential goods and services in the country, some schools have decided to suspend some of their programs they deem less important as the way of cutting costs to save the escalating commodity prices and contrite on education. A number […]
Uganda Bureau of Statistics has released the producer price indices for manufactured goods produced for local consumption indicating an increase in prices. According to the Uganda bureau of statistics senior statistician William Anguyo, goods produced for local markets experienced an increase of 17% in January in 2011. Anguyo attributed the rise in prices for to […]
Uganda’s inflation has risen to 18.5% in the month of July 2011 compared to 15.5% last month. This indicates an increase of inflation by 3%. The principal statistician at Uganda Bureau of Statistics (UBOS) Vincent Nsubuga Musoke says food prices led to the increase of inflation. Musoke says food stuff like cassava, sweet potatoes, sugar, […]
President Yoweri Museveni has criticized over dependence on imports for the current cries over the depreciation of the Uganda shilling against major currencies, especially the US dollar. Museveni in a statement said that forex exchange rates are determined by issues beyond Uganda’s control, but Ugandans suffer because of over reliance on imported goods. He says […]
Dealers in building Tiles, CTM has said that the rising inflation in Uganda is causing the number of people building the residential houses to drop. This was revealed by the General Manager CTM Jennifer Kamusiime while CTM was unveiling the new TILE and sanitary ware show room in industrial area in Kampala. Kamusiime said that […]
The Deputy governor at the bank, Dr. Louis Kasekende has moved to control the current high inflation rates which they say has resulted from poor price control. The Bank of Uganda says as a way to control inflation as well as closely monitoring commercial banks business transaction on a daily basis, the central bank is introducing a […]
The Uganda Bureau of Statistics has released the producer price indices for the past twelve months indicating tremendous increase in prices of many goods. Speaking at the release in Kampala, the principal statistician in charge of business and industry, Imelda Atai Musana states that producer prices for all manufactured goods increased by 23.6% during the 12 month period leading to April 2011 compared to 23.1%in April 2010. […]
Uganda President Yoweri Museveni has hailed the country’s improved economic performance despite the global financial crisis that is affecting many countries in the world. Museveni who on Tuesday delivered the state of the Nation address says Uganda’s economy rebounded strongly recording a 9% growth rate in the July 2010-June 2011 period. He gives the huge […]
The Bank of Uganda has expressed concern at the surging inflation rates in the country which have now reached 14.1% from 11.1% in the year ended March 2011. The Director, research at BOU, Dr. James Mugume notes that annual core inflation nudged to 9.7% for the year ending April 2011 from 7.8% in the year ending March 2011. Mugume also says that inflationary rate […]