Uganda

Uganda: Consumer price index Oct 2009

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HIGHLIGHTS

ANNUAL INFLATION RATES DOWN

The Annual Headline Inflation rate for the year ending October 2009 went down to 13.3% from 14.6% for September 2009 (table 3). Likewise the Annual Core (Underlying) Inflation rate which excludes food crop , fuel, electricity and metered water from the CPI basket dropped further to 9.1% for the year ending October 2009 from 9.9% for the year ended September 2009 (Table 4). The Annual Food crops Inflation rate for the year ending October 2009 also decreased to 38.9% from 49.5% in September 2009 (table 4).

MONTHLY INFLATION RATES

The Monthly Headline Inflation rate for the month of October 2009 dropped by 0.3% compared to a 2.5% increase recorded during the month of September 2009 (Table 3). The Monthly Core Inflation rate for the month of October 2009 remained relatively stable compared to a 0.4% increase registered during the month of September 2009 while Monthly Food crops Inflation rate dropped by 4.0%.

MAJOR CONTRIBUTORS TO INFLATION RATES

The main Inflation drivers were food (from 30.3% to 26.5%) and rent, fuel and utilities group (from 4.5% to 3.9%) (Table 5). During the month, food prices reduced by 1.1% due to significant reductions in prices of most fresh vegetables and milk. The decreases in food prices are mainly attributed to increased supplies to the markets due to the current rainy conditions in most parts of the country. However increases in prices of staple foods, dried vegetables especially beans, some fruits and sugar were registered in most centers.

INFLATION RATES CENTRE ANALYSIS

Kampala High Income registered the lowest annual headline inflation rate of 9.7% while Mbarara, Gulu and Arua centers registered higher rates of 19.1%, 15.7% and 15.6% respectively in the year ended October 2009. (Table 1)

OTHER PRICE MOVEMENTS

During the month, prices of petrol, diesel, firewood and local brew (waragi) and some transport charges went up while the price of charcoal, soap, cement and paint went down in most centers.