Vincent Nsubuga UBOS Principal Statistician in charge of prices attributed the rise in prices of food crops to increase in prices of fruits that increased...
In particular, the prices of fish increased to 3.4% from the 2.4% recorded under the period under review.
Statistics from Uganda Bureau of Statistics indicate that annual headline Inflation for the year ending November 2018 has been recorded at 3%
Commodity price reductions were recorded in; vegetables, charcoal, maize flour, beef, chicken, fish (tilapia), offals, milk, timber and millet bread
Even beer is being rationed (two bottles per person), and the cost of everything is soaring as people once again lose confidence in the currency.
The peso has lost half its value against the dollar this year, hampering government efforts to get inflation under control.
How does inflation start soaring?
“Core inflation declined due to a drop in the cost of services such as education, health and transport to 3.3% in August from 4.0% for the period under...
Central banks never pretended that they could steer inflation directly.
Besides sugar, the prices of food crops such as watermelon, fish and matooke also increased
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