SACRAMENTO, United States | Xinhua | U.S. families are facing deepening financial distress amid rising costs of living, with many forced to take on debt, skip meals or forgo medical care to make ends meet, recent surveys have shown. According to a survey released last week by the Century Foundation, …
Read More »Uganda’s average inflation hits 3.4% in FY2024/25, food prices remain key driver
Kampala, Uganda | THE INDEPENDENT | Uganda’s headline inflation for the 2024/25 financial year averaged 3.4%, reflecting moderate price growth amid continued pressure from food and core service costs. The Uganda Bureau of Statistics (UBOS) attributes the rise to persistent increases in food prices and a steady uptick in service-related …
Read More »‘Trump’s tariffs to ignite inflation, recession’
ZAGREB | Xinhua | If inflation is the fuel for recession, the tariffs imposed by U.S. President Donald Trump are the matches that will ignite it, Croatian economic analyst Petar Vuskovic said in an interview with the local N1 Television on Tuesday. “It is not a question of whether the …
Read More »Hot weather, rising food prices push up inflation in Uganda
Kampala, Uganda | THE INDEPENDENT | The effects of harsh weather conditions are not only causing discomfort for Ugandans but are also impacting the economy, with rising food prices contributing to inflationary pressures. The latest Consumer Price Index (CPI) report from the Uganda Bureau of Statistics (UBOS) shows that annual …
Read More »Average 2024 inflation registered at 3.3%
Kampala, Uganda | THE INDEPENDENT | The country’s inflationary landscape has seen a mixture of modest improvements and persistent challenges. According to the Uganda Bureau of Statistics (UBOS), the Annual Average Headline Inflation for 2024 was registered at 3.3 percent, a significant improvement from the 5.4% recorded in 2023. The drop …
Read More »BOU: Trump’s proposed policies likely to affect Uganda
KAMPALA, UGANDA | THE INDEPENDENT | Uganda is in a wait-and-see mode ahead of Donald Trump’s assumption of the US presidency next month. While Uganda’s trade with the US is minimal compared to global trade, the country has interests like worker’s remittances, and cash inflows in the form of development aid, …
Read More »BoU cuts key interest rate as inflation risks subside
Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank reduced its key lending rate by 25 basis points to 10.00% on August.07, saying inflation risks had eased somewhat and it was appropriate to reduce the degree of monetary policy restrictiveness. The decision by the Bank of Uganda comes despite a slight …
Read More »Let the giggers fight inflation
Politicians and activists who tout the importance of work-life balance shouldn’t impose rigidity on them COMMENT | TODD G. BUCHHOLZ | Gig-economy firms and workers – or “giggers” – are like magicians and alchemists, only their tricks are real. Although physicists assure us that new matter cannot be created, the gig …
Read More »Uganda’s core inflation up due to rise in tilapia fish, soap, chicken prices
Kampala, Uganda | THE INDEPENDENT | Headline inflation for June 2024 of 3.9 percent compared to the 3.6 percent registered in the year ended May 2024. The high inflation has resulted into the increase in prices of tilapia fish, dry soap, and chicken according to the Uganda Bureau of Statistics (UBOS) …
Read More »BoU Deputy Governor says global factors could influence inflation trend
Bank of Uganda chose to keep the Central Bank Rate at 10.25% for the next two months Kampala, Uganda | THE INDEPENDENT & AGENCIES |The BoU Monetary Policy Committee forecasts a lower inflation rate of between 5 and 5.4% next financial year as the shilling is expected to be more …
Read More »