Tag Archives: inflation

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to keep the Central Bank Rate at a high 10.25 per cent for the next two months, following a renewed rise in inflation. The CBR is an indicative interest rate that the Central Bank uses to influence the cost …

Kampala, Uganda | THE INDEPENDENT | Uganda’s increased headline inflation rate has been attributed to the soaring prices of fresh leaves vegetables and tomatoes. This is according to the Uganda Bureau of Statistics (UBOS) Consumer Price Index (CPI) report for the last 12 months ending May 2024. The report shows that …

Kampala, Uganda | THE INDEPENDENT | The pace at which the prices of annual food crops increased has contributed to the slowdown of inflation for the last 12 months ending April, according to the Uganda Bureau of Statistics-UBOS report. The Consumer Price Index (CPI) report released by UBOS indicates that …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics (UBOS), monthly inflation report, has revealed that the increase in the country’s annual inflation rate for the year ending February 2024, has mainly been caused by the hike in education services, especially school fees. The report indicated that the country’s …

ABUJA, NIGERIA | Xinhua | Nigeria, Africa’s largest economy, enters the New Year amid internal and external difficulties challenging its “Renewed Hope,” with President Bola Tinubu vowing to tame stubborn inflation. The country is battling its highest inflation rates in nearly two decades. The latest data, from the National Bureau …

Kampala, Uganda | THE INDEPENDENT | Uganda’s year-on-year average inflation rates have steadily decreased, with the reduced price increments of onions, maize flour, and sugar over the past 12 months, ending in October 2023. According to the latest report released by the Uganda Bureau of Statistics (UBOS), the average inflation …

Projections foresee sustained economic growth, propelled by investments in the oil and gas and mining sectors Kampala, Uganda | THE INDEPENDENT | In a strategic move to stabilize the country’s economic conditions, Uganda’s central bank has opted to maintain the Central Bank Rate (CBR) at 9.5%, despite a further decline in …

Kampala, Uganda | THE INDEPENDENT | Shareholders of BAT Uganda will walk away with 209 Shillings for each share they hold, following the approval of a total of 10.3 billion Shilling in dividends for the year 2022. In his communication to the shareholders after resolutions of the Thursday Annual General Meeting, …

Kampala, Uganda | THE INDEPENDENT | Local gin prices are among the consumer product prices that have been the main drivers of lowering the rate at which prices increased in Uganda in 12 months ending 30th June. The consumer price indices and inflation report for the period as released by the …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has opted to maintain its base interest rate, the Central Bank Rate at 10 percent despite the sustained fall in inflation since late last year. The CBR is an indicator of the cost of money to commercial banks, on which …