Prices of manufactured goods rise by 23%
Apr 19, 2011
UGANDA'S factory gate prices rose by 23.3% in February, compared with the same period in 2009, the Uganda Bureau of Statistics (UBOS) has said.
By IBRAHIM KaSiTa
UGANDA'S factory gate prices rose by 23.3% in February, compared with the same period in 2009, the Uganda Bureau of Statistics (UBOS) has said.
Imelda Atai, the principal statistician, yesterday said the long dry spell increased costs of production due the rise in international oil prices and the weak shilling contributed to the rising costs of the manufacturing sector.
“Prices of manufactured goods produced for consumption in the local market experienced an increase of 1.1% in February 2011, following a previous rise of 3.1% in January,†she said, while releasing the producer price index for manufacturing for January to February.
“The rise in prices for February was mainly attributed to a general increase in prices in all sectors. Prices for goods produced for export registered an increase of 3%, following a 5.6% increase recorded in January.â€
The announcements come at a time when year-on-year inflation leapt into double digits in March, driven by increasing food prices.
Food prices jumped 11.9% month-on-month to push the headline inflation rate up from 6.4% in February.
The statistics body said there was a general rise in all prices, but that processed foods saw a 30.1% increase, chemicals a 39.1.5% rise and that metal products were up by 16%. The quarterly report excludes taxes.
“Prices of drinks and tobacco rose by 12.8% due to 8.2% rise in prices of soft drinks partly attributed to the low supply of fruits used for especially fruit juice following the dry spell,†Musana explained.
“A 14.3% rise in prices of beer was due to the increased costs of raw material used in the production of malt beers,†she added.
UGANDA'S factory gate prices rose by 23.3% in February, compared with the same period in 2009, the Uganda Bureau of Statistics (UBOS) has said.
Imelda Atai, the principal statistician, yesterday said the long dry spell increased costs of production due the rise in international oil prices and the weak shilling contributed to the rising costs of the manufacturing sector.
“Prices of manufactured goods produced for consumption in the local market experienced an increase of 1.1% in February 2011, following a previous rise of 3.1% in January,†she said, while releasing the producer price index for manufacturing for January to February.
“The rise in prices for February was mainly attributed to a general increase in prices in all sectors. Prices for goods produced for export registered an increase of 3%, following a 5.6% increase recorded in January.â€
The announcements come at a time when year-on-year inflation leapt into double digits in March, driven by increasing food prices.
Food prices jumped 11.9% month-on-month to push the headline inflation rate up from 6.4% in February.
The statistics body said there was a general rise in all prices, but that processed foods saw a 30.1% increase, chemicals a 39.1.5% rise and that metal products were up by 16%. The quarterly report excludes taxes.
“Prices of drinks and tobacco rose by 12.8% due to 8.2% rise in prices of soft drinks partly attributed to the low supply of fruits used for especially fruit juice following the dry spell,†Musana explained.
“A 14.3% rise in prices of beer was due to the increased costs of raw material used in the production of malt beers,†she added.