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    Uganda-Economy

    Uganda's December inflation drops to 3.3%

    APA-Kampala (Uganda)

    Uganda has recorded a 3.3% drop in inflation in December 2017 down from 4.0% registered in November.

    A statement released by the Uganda Bureau of Statistics (UBOS) Saturday attributed the drop to positive weather changes, coupled with good vegetable and fruit harvests for the year ending December which helped to ease food prices.

    “The drivers for the lower annuls 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,” the statement added.

    The drop in inflation was reportedly triggered by a fall in the price of sugar, bread and cereals in month of December.

    According to the statement, annual core inflation, which excludes food, electricity and metered water, went down to 3.0% from 3.3%.

    However, in 2017 inflation generally edged up because of high food prices, announced UBOS.


    CN/afm/APA

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