KAMPALA: Uganda’s Annual Inflation rose to 5.9% in January 2017 as compared to the 5.7% recorded during the year ended December according to the Uganda Bureau of statistics(UBOS).
“The rise to 5.9% was due to an increase of the annual food crops inflation which went up to 14.5% in the year ending January as compared to the 10.8% recoreded in December 2016. The forces that led to the 14.5% was due to the increased prices of Fruits and Vegetables and fruits,” said Dr. Chris Mukiza Ndatiira the UBOS Director Macro Economics Statistics. Mukiza attributed the slight increase to the prolonged drought that has hit the country. This led to the decline in supply of stable food crops and vegetables on the market in the various parts of the country especially urban areas.
