The Uganda Bureau of Statistics has released the producer price indices for the past twelve months indicating tremendous increase in prices of many goods.
Speaking at the release in Kampala, the principal statistician in charge of business and industry, Imelda Atai Musana states that producer prices for all manufactured goods increased by 23.6% during the 12 month period leading to April 2011 compared to 23.1%in April 2010.
Imelda also adds that prices of manufactured goods produced for local consumption in the local market increased to 1.9% in April 2011 compared to 1.1% in 2010. She says the main driver of this was increased prices of packaging material among others.
Though products for local consumption registered high prices, prices for exports registered a decrease of 0.3% following a 4.2% increase recorded in March 2011.
Releasing the construction sector indices, the principal statistician for energy and infrastructure, Peter Opio reveals that the annual whole sector price index for construction works rose by 19% for the year ending April 2011, the highest inflation witnessed so far.
By Isaac Senabulya
