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Uganda’s inflation drops to 5.1 percent yr/yr in April

UBOS stats 1

Uganda’s inflation rate has dropped from 6.2 percent in March to 5.1 percent in April. Uganda Bureau of Statistics (UBOS) revealed that slowing price rises of food and energy have played a key role in the positive change in the headline inflation rates. (SEE FULL REPORT AT BOTTOM)

Decreased fuel prices during this year, with diesel falling to 6.0% from 6.3% in March, petrol by 6.2% as compared to a decrease of 3.4 in March had played a huge role. Petrol has an impact on the overall inflation and reduced prices on imported fuel.

Also other factors that have reduced the rate at which the prices are rising include a drop in annual core inflation due to a decline in services, decline in vegetable and fruit annual gradual prices. Drivers for the decline in non-food inflation include recreation in terms of declined prices of electronic devices, culture and communication

Vincent Musoke, Uganda Bureau of Statistics’ Acting Director Macroeconomics, told the press on Friday that annual core inflation, which excludes food, fuel, electricity and metered water also declined, to 6.4 percent this month from March’s 6.9 percent.

 

Selected data from districts

Arua registered the highest inflation at 7.2 due high prices recorded at education sector mainly and also restaurants and Hotels at a rise of 13.9%. Masaka was second highest inflation registered at 6.7 from 9.2 recorded in last month; with housing, electricity, water, gas and other fuels being the main drivers of the inflation. Kampala is at 6.4%.

Jinja  reduced by 1.6 to 5.4% from the previous month, Fort Portal and Gulu increased by 0.2 to 4.7 and by 0.5 to 4.6 respectively. Mbarara and Mbale registered a decline at 3.4% and 2.4% respectively.

From March 2015 to March 2016, some sectors assessed include Transport at -1.9%, Communication at -0.6%, recreation and culture at -0.5%, Restaurants and Hotels at 0.3% and miscellaneous goods and services at 0.8%, Alcohol Beverages, tobacco and Narcotics at O.2%, Health at 0.3%. Energy fuel Utilities (Housing, water, gas and other fuels) at -0.6%.

UBOS Uganda Statistics April 2016 by The Independent Magazine

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