The increase in the price of goods and services, otherwise known as headline inflation, has shot above the central bank target of five per cent to 7.2 per cent, sending worries that the situation could get worse. DR ADAM MUGUME, the executive director of Research at Bank of Uganda, explained to JEFF MBANGA why the situation should not send any shockwaves within the system.
Headline inflation has shot up to 7.3 per cent from 4.8 per cent. Why does the central bank need the public to understand the facts behind this figure?
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