inflation
inflation

Uganda’s annual headline inflation in December dropped to 3.3 percent from 4.0 percent in November due to slowdown in prices of vegetables and fruits, the country’s statistics body said on Friday.

Uganda Bureau of Statistics (UBOS) attributed the drop to the decline of annual food crops inflation from 2.3 percent recorded in November to minus 0.7 percent in December.

“The drivers for the lower annual food crops inflation were vegetable inflation that declined to minus 0.9 percent and fruits that dropped to minus 1.6 percent for the year ending December 2017,” said the bureau.

The annual core inflation, which excludes food, electricity and metered water, declined to 3.0 percent in December from 3.3 percent in November.

The annual energy, fuels and utilities inflation decreased to 12.5 percent for December, compared to 13.7 percent recorded in November. Enditem

Source: Xinhua/NewsGhana.com.gh

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