Inflation eases in November – UBOS

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The Uganda Bureau of Statistics (UBOS) has reported that annual headline inflation dropped to 3.1% in November from 3.4% in October.

Core inflation, which strips out volatile items such as food crops and energy, slipped to 3.2% from 3.4% in the same period. The ease in commodity prices came largely from lower prices of maize flour, sugar, beef and fresh tilapia.

Air transport also posted a slowdown, easing pressure on consumers who have been wrestling with uneven price movements throughout the year. The food and beverages category followed the same downward pull.

“We are seeing that prices have continued to go down this month. But there are other commodity prices that are still going up, although at a lower rate,” Juliet Nakayenga, senior statistician at Ubos, said.

Policymakers are likely to watch how these trends carry into December as holiday season demand begins to test price stability across key commodities.