Annual Headline Inflation Increases to 7.2 percent

The Annual Headline Inflation for the year ending September 2015 has increased to 7.2 percent, compared to the 4.8 percent that was recorded for the year ended August 2015, Uganda National Bureau of Statists (UNBS) said yesterday in a press statement.

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Headline inflation measures total inflation within an economy taking into account commodities which tend to be much more volatile and prone to inflationary spikes.

Mr. Ben Paul Mungyereza, UNBS Executive Director attributed the cause to “to the Annual Food Crops Inflation that increased to 10.2 percent for the year ending September 2015 compared to the 1.8 percent that was registered during the year ended August 2015.”

He said the Annual Core Inflation also increased to 6.7 percent for the year ending September 2015 compared to 5.5 percent registered during the year ended August 2015.

The core inflation also known as non-food-manufacturing or underlying inflation is derived from a price index minus the volatile food and energy components.

In terms of centres, he said that Masaka centre registered the highest Annual Inflation of 10.5 percent compared to 5.5 percent recorded in August 2015 followed by Mbarara centre.

“This was driven by high price levels of food, clothing, footwear, rent, charcoal, firewood, other goods and services. The second was Mbarara centre which registered the Annual Inflation of 9.3 percent compared to 3.3 percent that was recorded during the year ended August 2015.”

Mungyereza noted that Food registered the highest annual inflation of 10.5 percent for the year ending September 2015 compared to the 5.1 percent recorded during the year ended August 2015.

The Annual Non- Food Inflation however also increased to 5.7 percent for the year ending September 2015 compared to the 4.7 percent recorded for the year ended August 2015.

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