Bananas and vegetables drove up inflation in Uganda last month

The monthly headline inflation as measured by consumer price index for September 2023 has registered an increase by 0.7 per cent compared to 0.6 per cent registered in the previous month. This was mainly attributed to vegetables, tubers, bananas and pulses, whose inflation increased by 3.5 per cent in September from 2.9 per cent in August 2023.

Aliziki K. Lubega, the director for macroeconomics statistics at the Uganda Bureau of Statistics (Ubos) noted that monthly core inflation rose by 0.3 per cent in September from 0.2 percent rise recorded in August. "This was mainly due to monthly services inflation that recorded 0.5 percent rise in September from 0.2 percent rise recorded in August 2023. In addition, other goods inflation recorded 0.2 percent in September as same rate recorded in August previous month," she said late last week.


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