Ugandan inflation rises in March on non-food prices

31 Mar, 2015

KAMPALA: Uganda's inflation rose in March, driven higher for the second consecutive month by an increase in non-food prices, the Uganda Bureau of Statistics said on Tuesday.

The statistics office said year-on-year inflation went up to 1.9 percent year-on-year in March from a revised figure of 1.6 percent a month earlier. Core inflation rose to 3.7 percent from a revised 3.3 percent in February.

The bureau said the rise in core inflation - which excludes food, fuel, electricity and metered water - rose after an increase of prices in firewood, clothing and cement.

Central bank Governor Emmanuel Tumusiime-Mutebile last month said the bank would keep the lending rate unchanged at 11 percent, and that he expected core inflation to rise to between 4 and 6 percent over the next year.

On a monthly basis, the statistics office said overall inflation rose by 1.5 percent from a revised 0.7 percent in February.

Copyright Reuters, 2015

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