Uganda’s year-on-year average inflation rates have steadily decreased, with the reduced price increments of onions, maize flour and sugar over the past 12 months, ending in October 2023.
According to the latest report released by the Uganda Bureau of Statistics (UBOS), the average inflation rate for the period from October 2022 to October 2023 stood at 2.4 percent, down from the 2.7 percent average recorded in the previous 12 months ending in September 2023. The rate at which onion prices increased slowed down to 115.4 percent, from 130.8 percent recorded in the previous month.
Source: independent.co.ug
