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BoU forecasts inflation upsurge ahead of general elections

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has forecast a likely rise in prices of goods and services in the months towards the general elections. According to BoU Governor Emmanuel Tumusiime-Mutebile, core inflation, which measures the increases in prices of goods and services less electricity, food and water, will peak …

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IMF’s Lagarde warns on rate risk from US tax reform

Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …

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Uganda’s inflation drops to 3%

Kampala, Uganda | THE INDEPENDENT | Uganda’s Annual Headline Inflation for January 2018 dropped to 3% from the 3.3% registered in December last year while Core Inflation fell to 2.6% from 3% , according to the latest figures provided by the Uganda Bureau of Statistics (UBOS). This is lower than …

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COMMENT: Misery for inflation targeters

Why the misery index has a role to play in assessing the state of an economy and success of policy COMMENT | KOICHI HAMADA | The United States, Europe, and Japan are all making positive economic strides. In the U.S, the unemployment rate is falling, and now stands at just over …

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US inflation modest in 2017, despite rising retail sales

Washington, United States | AFP | Healthy retail sales in 2017 are another sign of the growing strength of the US economy, but inflation was slower than expected, according to the latest government data released Friday. This combination of solid economic growth and consumer spending, that has come with falling …

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China’s factory gate inflation accelerates in August

Beijing, China | AFP | China’s factory price inflation, a key barometer of the industrial sector, accelerated sharply in August, reflecting strong demand and a reduction in excess capacity which has plagued China’s economy. The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent …

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August inflation reduces to 5.2%

Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation reduced from 5.7% for the year ended July 2017 to 5.2% for the year ending August 2017, representing a 0.5 percentage point drop, Uganda Bureau of Statistics announced on Aug. 31. The statistics body attributed the drop to the decline in …

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BoU keeps Central Bank Rate at 10% for next three months

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …

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Inflation for July down to 5.7%

Kampala, Uganda |JULIUS BUSINGE | Uganda’s price of goods and services somewhat reduced to 5.7% in the year ending July 2017 down from 6.4% recorded in the same period in June 2017, according to data from the Uganda Bureau of Statistics (UBOS) released on July 31. The statistics body said the decline was attributed …

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