Uganda's inflation rate eases to 3.5% in August

The primary factor contributing to this deceleration in inflation is the moderation of the annual core inflation rate, which reached 3.3% for the 12 months ending August 2023.

PREMIUM Business

Traders at Nakawa market selling tomatoes one of the commodities that has reduced according to the Uganda National Bureau of Standards. Photo by Wilfred Sanya

NewVision Reporter

@NewVision

#Uganda #Inflation #Consumer Price Index (CPI)

The Consumer Price Index (CPI) data for August 2023 reveals that Uganda's annual inflation rate has shown a slowdown, with the index registering a rate of 3.5%.

Uganda's inflation rate eases to 3.5% in August

The primary factor contributing to this deceleration in inflation is the moderation of the annual core inflation rate, which reached 3.3% for the 12 months ending August 2023.

Traders at Nakawa market selling tomatoes one of the commodities that has reduced according to the Uganda National Bureau of Standards. Photo by Wilfred Sanya

NewVision Reporter

@NewVision

Related Stories

Gold, coffee, fish raise monthly export earnings to sh3.3 trillion

Weekly Market Wrap: Equities turnover drops 94% in quiet week

Private sector loans hits sh23.305 trillion

Uganda’s trade deficit falls by 46.3% on year

MTN, Gov’t map out next steps in Uganda’s digital push

Insurance scheme launched to protect Ugandan migrant workers