Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Cost of living up in Uganda

Ugandans spent more money on basic needs such as food and clothing last month compared to March, according to figures from the Uganda Bureau of Statistics (Ubos).

The figures released last Thursday showed that annual headline inflation, which measures the general increase in the prices of goods and services, jumped to 3.6 per cent, from 1.9 per cent in March.

Ubos says there was an increment in the prices of matooke, sweet potatoes, Irish potatoes, pineapples, watermelon, tomatoes, onions, beans, maize flour, rice, and meat.

Chris Mukizi, an official at Ubos, said there was "serious drought between October and March," which affected harvests for food, and ultimately pushed up prices.

Core inflation, which measures the general change in the prices of goods and services, excluding food, electricity and metered water, went up to 4.6 per cent in April, from 3.7 per cent the month before.

This, however, is still below the BOU target of five per cent. The increase in prices is attributed to the weak shilling against the dollar, which has seen most of the products imported become expensive. The statistics body says a rise in prices was prominent for clothing, cement, and electricity tariffs.

Source: allafrica.com
Publication date:

Related Articles → See More