31 January 2014

Uganda's Inflation Up to 6.9 Percent

Uganda's headline inflation has marginally gone up to 6.9% from 6.7% in January, 2014 and December 2013 respectively, the Uganda Bureau of Statistics announced today (Jan. 31).

The major drivers were food and other related items prices, officials told reporters at the Statistics House in Kampala.

The annual food price inflation increased to 21.4% for the year ending January 2014 compared to the 12.7% for the year ended December, 2013.

Core inflation, which is targeted by the monetary policy reduced to 4.6% from 5.7% in the same period.

The Governor of the Central Bank of Uganda will respond to the January inflation numbers on Tuesday next week.

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