By Isaac Senabulya on October 24, 2016
annual headline and core inflation declined to 4.1% and 4.2% in September respectively from 4.8% and 5% in august prompting bank of Uganda to lower central bank rate to 13% from the previous 14%., Bank of Uganda, monitory policy statement for October 2016, Prof Emanuel Tumusiime Mutebire, reported drastic raise in annual crop inflation in the last three months, said that in the last month food inflation has jumped from -1.9% to 5.1%, the governor bank of Uganda
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Bank of Uganda has reported drastic raise in annual crop inflation in the last three months. This comes at the time when many parts of the country is experiencing drought which is likely to last until the end of this year, according to weather experts. While releasing the monitory policy statement for October 2016, the […]