Tag Archives: inflation

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is to pay out 9.65 per cent to each of its savers for the year ended June 2022. This is the first time in 15 years that the rate announced is below 10 per cent, mainly due to the …

This is the 6th straight month it is rising causing anxiety in the interest rate market  Kampala, Uganda | JULIUS BUSINGE | Inflation, as measured by the Consumer Price Index for Uganda for the 12 months to August 2022, increased to 9.0%, up from 7.9% registered in July 2022, according …

Kampala, Uganda | THE INDEPENDENT | The banking industry has defended its changing mode of operation which sections of the public describe as less friendly, saying they have learnt from the effects of global shocks on the businesses and economies generally. In recent times, Bank of Uganda has compelled commercial banks …

Kampala, Uganda | Xinhua | Uganda’s inflation rate for the year ending July has risen to 7.9 percent from 6.8 percent in the year ending June 2022, the country’s statistics agency said Friday. Uganda Bureau of Statistics attributed the increase to rising food crop prices and transport fare. During the …

Here’s why, and how to fix what is driving it up based on what is being experienced in Kenya COMMENT | XN IRAKI | Inflation has hit many countries recently, from the United States to Sri Lanka. In Kenya, too, the rising prices of basic commodities have left most citizens …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday slashed the global growth forecast for 2022 to 3.2 percent, down by 0.4 percentage point from the April projection, according to its newly released update to the World Economic Outlook (WEO). Several shocks have hit the world economy already …

Kampala, Uganda | THE INDEPENDENT | The Ugandan borrowing public will continue enduring a high cost of credit for as long as the current inflation and foreign exchange rates continue skyrocketing, according to the Bank of Uganda. This is in response to calls by the private sector, especially the manufacturers, that …

Tororo, Uganda | THE INDEPENDENT | Dozens of Tororo cement workers laid down their tools Monday to compel the management to enhance their salaries given the high inflation. The workers, mainly from the kiln section comprising of electricians, mechanics, lab technicians, and production staff want the management to increase their salaries …

The euro has lost around 12 percent of its value against the dollar since the beginning of this year Rome, Italy | Xinhua | The euro and the U.S. dollar have broadly traded on par with each other this week after a steep devaluation for the euro which experts say will …

Frankfurt, Germany | Xinhua | The Euro on Wednesday briefly slipped below parity against the U.S. dollar in intraday trading after data released by the U.S. Department of Labor showed that the Consumer Price Index (CPI) surged 9.1 percent from a year ago in June. The exchange rate on Wednesday plunged …