UBOS registers reduction in inflation

The Uganda Bureau of Statistics has registered a slight increase in Inflation for the first time in several months.

The latest figures put the inflation rate at 4.9 percent up from 4.5 percent in October 2012.

The Bureau blames the increase on the hike in food prices registering an increase of 7.5 percent compared to 4.4 percent.

For energy and fuel utilities it rose to 13.8 percent from 12.8 percent in the month ending November.

This upward trend reverts Bank of Uganda’s efforts to reduce inflation.

The Uganda Bureau of Statistics Director for Macro Economics Chris Mukiza explains the implication of such a development.

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