Inflation Watch, in its November 9, 2011 article, reports that Inflation hits 30.5% in Ouganda.
Extract :
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The annual
headline inflation rate for the year ending Oct. 2011 rose to 30.5 percent up
from 28.3 percent recorded for the year ended Sept. 2011, Uganda Bureau of Statistics
has reported today.
This is the
highest since Jan. 1993 when it was 34.2 percent.
While releasing
the figures at UBOS head offices in Kampala, Chris Ndatira
Mukiza, the bureau's director for macro-economics attributed the slight increase in headline
inflation to increased prices of imported goods especially second hand and
new clothing plus that of some household and personal goods due to the
continued depreciation of the shilling against foreign currencies.Also,
the services inflation rate rose to 14.0 percent in October up from 8.5
percent in September-prices of rent and meals in restaurants increased.
The increase in
prices of some food items like matooke, irish potatoes, cassava, tomatoes, cabbage, meat and
chicken in most centres also contributed to the
slight increase in inflation
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