Inflation rises at 7.1 percent in March
Publish Date: Mar 31, 2014
Inflation rises at 7.1 percent in March
Bank of Uganda Governor Emmanuel Tumusiime-Mutebile
  • mail
  • img

Rising food prices pushed Uganda's headline inflation rate up to 7.1 percent in March from a revised 6.8 percent a month earlier, the Uganda Bureau of Statistics said on Monday.

On a month-on-month basis, consumer prices rose 1.1 pct, faster than the 0.4 percent increase recorded in February.

Ugandan inflation has come down from an 18-year high of above 30 percent in 2011 and its relative stability over the past year has suggested the economy can maintain fast growth without overheating.

The latest rise in inflation may raise pressure on the central bank to increase rates and slow the rate of credit growth in east Africa's third-largest economy.

Food prices rose 12.7 percent in the year to March compared with 11.0 percent in the twelve months to February, driven by the rising cost of several fruits and vegetables, the statistics office said.

"This is mainly due to decreased supplies of these items to the market, owing to a prolonged dry spell experienced in most parts of the country," it said in a statement.  Reuters

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Burundi wants its legistators to quit EALA
THE Speaker of Burundi National Assembly has written to the Speaker of the East African Legislative Assembly ceasing membership of four members from the country...
Ssebuwufu further remanded over murder
The Buganda Road Chief Magistrate''s Court has further remanded city car dealer Muhammad Ssebuwufu and four others accused of murdering Dona Katusabe...
Mind the youth, poor, says Pope
Huge crowds braved heavy rains they hailed as "God''s blessing" on Thursday to take part in Pope Francis'' first open-air mass in Africa, singing and dancing in the centre of the Kenyan capital....
KCCA readies Kampala for papal visit
Kampala Capital City Authority (KCCA) has recruited over 600 support staff to assist workers charged with beautifying the city and maintaining neatness during Pope Francis''s visit starting tomorrow...
MPs okay National Youth Service and Internship Programme
Parliament has passed a motion calling on the Government to establish the National Youth Service and Internship Programme...
Indian national wanted for theft of over sh3b
The Anti corruption Court has issued criminal summons against an Indian national, Sudeep Chatterjjee, after he failed to appear in court to answer theft allegations brought against him Uganda Baati...
Is Uganda ready for the pope's visit?
Can't Say
follow us
subscribe to our news letter