Uganda: Inflation Declines to 2.1 Percent in Uganda

Kampala — The Annual Headline Inflation for the year ending February 2018 has been recorded at 2.1 percent compared to the 3.0 percent registered during the year ended January 2018.

This represents a 0.9 percentage point drop from that recorded during the year ended January 2018.

The drop is largely attributed to the Annual Core Inflation which declined to 1.7 percent for the year ending February 2018, when compared to the 2.6 percent recorded for the year ended January 2018.

The drivers for the decreasing Annual Core Inflation were Other Goods Inflation that declined to 1.6 percent for the year ending February 2018 compared to 2.3 percent recorded during the year ended January 2018.

The Other Goods inflation was largely driven by Sugar that dropped to minus 11.5 percent for the year ending February 2018 compared to minus 4.0 percent recorded in January 2018.

Bread and Cereals inflation also declined to 1.1 percent in February 2018 compared to 2.1 percent in January 2018. In addition, Annual Services Inflation decreased to 1.8 percent for the year ending February 2018 compared to the 3.0 percent recorded during the year ended January 2018.

The Annual Food Crops and Related Items Inflation decreased to minus 0.7 percent for the year ending February 2018 compared to 1.4 percent for the year ended January 2018.

This drop was due to Annual Vegetables Inflation that registered minus 0.9 percent for the year ending February 2018 compared to 2.7 percent recorded for the year ended January 2018.

In addition, Annual Fruits inflation registered minus 2.3 percent for the year ending February 2018 compared to minus 1.8 percent for the year ended January 2018.

The Annual Energy, Fuels and Utilities (EFU) Inflation increased to 11.2 percent for the year ending February 2018 compared to 9.8 percent recorded for the year ended January 2018.

The increase was due to Annual Inflation for Liquid Energy Fuels that registered at 7.3 percent for the year ending February 2018 compared to 5.2 percent recorded in January 2018. Also, the Annual Inflation for solid fuels (charcoal & firewood) rose to 20.4 percent for the year ending February 2018 compared to 17.1 percent recorded for the year ended January 2018.

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