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High Prices Of Fruits, Vegetables Push October Inflation To 2.5%

The annual inflation for the year ending October 2019 has increased to 2.5% compared to 1 .9% recorded in the year ending September 2019.

The driver for the increase is attracted to the increase in the inflation of food crops particularly fruits and vegetables.

During the monthly release of the Consumer Price Index (CPI) at Uganda Bureau of statistics (UBOS) headquarter in Kampala on Thursday 31st October 2019, Vincent Nsubuga, the Principal Statistician at UBOS said that the increase in inflation for fruits that registered minus 8.1% increase from the previous minus 13.8% and the increase in vegetables that increased from 4.7% to 4.9% were the main drivers for the higher annual headline inflation.

Meanwhile, the monthly headline inflation slightly increased from 0.7% in September 2019 to 0.2%in October 2019.

However, the monthly core inflation remained stable due to services inflation that registered a slight increase to 0.1% in October from 0.0% in September.

By Drake Nyamugabwa

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