The Bank of Uganda has expressed concern at the surging inflation rates in the country which have now reached 14.1% from 11.1% in the year ended March 2011.

The Director, research at BOU, Dr. James Mugume notes that annual core inflation nudged to 9.7% for the year ending April 2011 from 7.8% in the year ending March 2011.

Mugume also says that inflationary rate pick up is at 3% and mostly driven by people in Kampala by 57%, but notes that it will be moving down in a couple of months time as food prices move down due to improved weather conditions.

Some Uganda’s have in recent times been engaging in costly walk to work protests over the rising inflation resulting in high cost of living.