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Uganda’s November Inflation Falls To 4%

The Annual Headline (total) Inflation for the year ending November 2017 lowered to 4.0% compared to the 4.8% recorded in October 2017, says Uganda Bureau of Statistics (UBOS).

Releasing the Consumer Price Index (CPI) for November 2017 at Statistics House on Thursday, Paul Mungyereza, the UBOS Executive Director revealed that the Monthly Headline Inflation for November 2017 dropped by 0.2% from the 0.3% recorded in October 2017. This is attributed to the decline in Annual Food Crops Inflation to 2.3% in November from 7.9% recorded in October 2017. Vegetables and Fruits inflation declined in November.

The Annual Core Inflation (excludes food prices and utilities like energy )  declined to 3.3% for the year ending November 2017 as compared to 3.5% recorded in October 2017.

UBOS said the changes in the Core Inflation were due to other goods inflation that registered 3.7% in November compared to 4.3% recorded in October 2017. This is attributed to the decline in inflation for Sugar, Bread and Cereals.

Services inflation however slightly increased to 2.8% in November as compared to 2.3% recorded in the year ended October 2017. Communication services increased from -8.3% to -2.8%

The Annual Energy, Fuels and Utilities (EFU) inflation decreased to 13.7% in November 2017 as compared to 14.1% n October 2017.

This is attributed to the Annual Inflation for solid fuels (Charcoal and Firewood) that decreased to 23.6% in Nov as compared to 25.0% in October 2017.

Liquid Energy fuels inflation increased to 6.0% in November 2017 as compared to 5.3% recorded in October 2017.

Overall, the highest Inflation of 6.5% was registered in Mbale in the year ending November 2017, compared to 5.7% recorded in October 2017. Second highest was Fort Portal with 5.7% lower than 8.1% in October.

Third was Kampala Low Income at 5.4% in Nov compared to 5.3% recorded in October.

 

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