KAMPALA: Uganda’s year-on-year headline inflation fell to 6.2 percent in March from a revised 7 percent a month earlier, helped by lower energy and food costs, the Uganda Bureau of Statistics (UBOS) said on Friday. Annual Core inflation which excludes food, metered water, fuel and electricity rose to 6.9 percent in March, up from 6.8 percent last month.
The statistics body said the annual energy, fuel and utilities (EFU) inflation that decreased to 7.0 percent for the year ending March 2016, compared with 8.7 percent recorded for the year ended February 2016.
UBOS said annual fruits inflation slowed to 4.3 percent this month, compared with 11.3 percent in February. The central bank is scheduled to set its benchmark lending rate on Monday and the market is keen to see whether the recent downward trend in prices will spur policymakers to start easing.
