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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Uganda inflation has dropped slightly in 2018/19 financial year

KAMPALA Uganda (Xinhua) -- Uganda’s inflation registered a slight drop for the 2018/19 financial year ending June 30, said Uganda Bureau of Statistics (UBOS) on Friday.

Inflation stood at 3.1 percent for the 2018/19 financial year, compared to 3.4 percent recorded in the financial year 2017/18.

UBOS attributed the decline to annual food crops and related items inflation that recorded minus 4.4 percent, compared to the 3.2 percent for the year financial 2017/18.

The core inflation increased to 3.8 percent, compared 2.7 percent recorded in the financial year 2017/18, according to UBOS.

Figures by the agency also showed that annual headline inflation for the past two financial years also closed relatively at a lower rate below the central bank policy target of 5 percent, except for the financial year 2016/17 which closed at 5.7 percent.
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EARLIER REPORTS:

Uganda inflation drops slightly in 2018/19 financial year

KAMPALA Uganda (Xinhua) -- Uganda’s inflation registered a slight drop for the 2018/19 financial year ending June 30, said Uganda Bureau of Statistics (UBOS) on Friday.

Inflation stood at 3.1 percent for the 2018/19 financial year, compared to 3.4 percent recorded in the financial year 2017/18.

UBOS attributed the decline to annual food crops and related items inflation that recorded minus 4.4 percent, compared to the 3.2 percent for the year financial 2017/18.

The core inflation increased to 3.8 percent, compared 2.7 percent recorded in the financial year 2017/18, according to UBOS.

Figures by the agency also showed that annual headline inflation for the past two financial years also closed relatively at a lower rate below the central bank policy target of 5 percent, except for the financial year 2016/17 which closed at 5.7 percent.

           

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