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Economy
Inflation hits highest in 15 months, driven by food prices
Consumer price inflation for the year ended May 2017 rose to 7.2%, its highest level in 15 months, as the effects of a prolonged drought in parts of the country pushed up food prices.
May 31, 2017
Economy
Inflation rises to highest since February 2016
Inflation rose 6.8% year on year in April from 6.4% in March, according to figures from the Uganda Bureau of Statistics.
April 28, 2017
Economy
Inflation falls to 6.4% in March
Annual headline inflation for the year ending March 2017 declined to 6.4% compared to the 6.7% recorded in the year ending February 2017.
March 31, 2017
Economy
Inflation hits one-year high in February
Annual headline inflation rose to 6.7% for the year ended February 2017, up from 5.9% in January. This was on the back of higher food prices, with annual food crops inflation rising to 18.8% from 14.5% in January.
February 28, 2017
Economy
Bank of Uganda cuts policy rate by 0.5%
Bank of Uganda on Wednesday lowered the central bank rate by 0.5% to 11.5% from the 12% set in December.
February 15, 2017
Economy
Uganda economy to grow 5% in 2017 – Stanbic Bank
After growing at an average rate of 7.8% in 1990-2010, the expansion of Uganda's economy slowed to 4.5% in the five years to 2016. The prevailing consensus among economists is that growth this year will hew to the rate of the last few years.
February 14, 2017
Economy
Inflation rises to 5.9% in January
Inflation rose to 5.9% in January, the highest rate in seven months, mainly driven by an increase in the price of food crops, according to the Uganda National Bureau of Statistics. Headline inflation in December 2016 came in at 5.7%.
January 31, 2017
Economy
Inflation climbs to six-month high
The inflation rate rose sharply in December to 5.7%, the highest rate in six months, mainly because of an increase in the price of food crops to 10.8%, according to the Uganda Bureau of Statistics. Headline inflation in November was 4.6%.
December 30, 2016
Economy
Bank of Uganda cuts benchmark interest rate to 12%
The Bank of Uganda on Wednesday lowered the central bank rate by 100 basis points from 13%, set in October, to 12%. The bank's monetary policy committee said the rise was necessary to "keep the domestic economic growth momentum."
December 14, 2016
Economy
Bank of Uganda governor expects “small rise” in GDP growth
The prospects for macroeconomic stability in the near to medium term are currently very good, according to the central bank governor. Economic growth in 2017 will be "close to the economy’s medium term potential growth of 5%," he said.
December 5, 2016
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