Uganda's annual headline inflation has again increased by 0.7 percentage points to 8.0% in the year ending September 2013 from 7.3% recorded in the year ended August 2013, the Uganda Bureau of Statistics (Ubos) announced this afternoon (Sept. 30).
This means Ugandans spent more on goods and services in the year ending September 2013 compared to the year ending August 2013.
Most of the inflation components recorded price increases. Food crops inflation went up to 16.2% for the year ending September 2013 from 12.9% that was recorded for the year ended August 2013.
The annual Energy Fuel and Utilities (EFU) inflation rate increased to 2.1% from 1.6% in the period under review.
Similarly, annual core inflation rate which excludes food prices and EFU increased to 6.9% for the year ending September 2013 from 6.6% increase recorded in August 2013.
Food crop prices which recorded price increases included matooke, sweet potatoes, irish potatoes, sweet bananas, carrots, beans, fish and milk in most centres.
The increase was attributed to decreased supplies on the market as a result of moving out of the harvesting season. The other food crops like pineapples, oranges, cabbages, etc recorded a decline in prices.
Food prices carry the largest weight in the consumer price index of 27.3%.
Bank of Uganda will announce the central bank rate for October on Wednesday, Oct. 2. At its last monetary policy committee (in August), the bank increased the rate to 12% from 11%.