Tag Archives: inflation

Beijing, China | AFP | China’s factory price inflation, a key barometer of the industrial sector, accelerated sharply in August, reflecting strong demand and a reduction in excess capacity which has plagued China’s economy. The producer price index (PPI), which measures costs for goods at the factory gate, rose 6.3 percent …

Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation reduced from 5.7% for the year ended July 2017 to 5.2% for the year ending August 2017, representing a 0.5 percentage point drop, Uganda Bureau of Statistics announced on Aug. 31. The statistics body attributed the drop to the decline in …

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …

Kampala, Uganda |JULIUS BUSINGE | Uganda’s price of goods and services somewhat reduced to 5.7% in the year ending July 2017 down from 6.4% recorded in the same period in June 2017, according to data from the Uganda Bureau of Statistics (UBOS) released on July 31. The statistics body said the decline was attributed …

Cairo, Egypt | AFP |  Guards check drivers’ papers to keep out uninvited guests from gated compounds where Egypt’s rich can escape the chaos of Cairo’s streets in a country with a widening wealth gap. Built in the deserts around Cairo, some compounds offer amenities such as indoor and outdoor …

Aweil, South Sudan | AFP |  “I sell the small bottle of cooking oil for 140 SSP. Six months ago, it was 70. The customers complain,” said James Deng, an 18-year-old stallholder in Aweil, South Sudan. In this regional market in the country’s northwest — just as at the main …

The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …

  Nigerian economy glimpses dim light at end of tunnel Lagos, Nigeria | AFP |  Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history. But for the first time in months, the West African economic giant …

Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …

  Washington, United States | AFP |  The International Monetary Fund warned Tuesday that central banks are struggling to beat back deflationary forces and that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation …