Uganda’s inflation rises to 3 percent in year ending in February

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inflation

Uganda’s inflation rate has continued to trend upwards with both annual headline and annual core inflation rising three percentage points due to rise in communication related services charges and increase in passport fees.

Uganda Bureau of Statistics (UBOS) on Thursday said the annual headline inflation rate rose to 3 percent in the year ending February 2019 compared to 2.7 percent registered in the year ending in January 2019.

Chris Mukiza, director macroeconomic statistics at UBOS, told reporters that the increase in annual headline inflation is largely attributed to the annual core inflation, which increased to 3.7 percent for the year ending February 2019 compared to 3.4 percent for the year ended January 2019.

“The main driver in annual core inflation was due to annual communication inflation that increased to 21.4 percent for the year ending February compared to the 5.5 percent recorded in the year ended January 2019,” he said.

He said an increase in the price of acquiring a passport also had an impact on the inflation. Enditem

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