KAMPALA, Uganda–The Annual Headline Inflation for the year ending March 2018 has been recorded at 2.0 percent compared to the 2.1 percent registered during the year ended February 2018.
This represents a 0.1 percentage point drop from that recorded during the year ended February 2018.
The drop is largely attributed to the Annual Food Crops and Related Items Inflation that decelerated to minus 1.7 percent for the year ending March 2018 compared to minus 0.7 percent for the year ended February 2018.
This drop was due to Annual Fruits Inflation that registered minus 5.0 percent for the year ending March 2018 compared to minus 2.3 percent recorded for the year ended February 2018. In addition, Annual Vegetables inflation registered minus 1.8 percent for the year ending March 2018 compared to minus 0.9 percent for the year ended February 2018.
Annual Core Inflation has been registered at 1.7 percent for the year ending March 2018, the same rate recorded for the year ended February 2018.
This was due to an increase in Annual services Inflation that rose to 2.5 percent for the year ending March 2018 compared to 1.8 percent recorded during the year ended February 2018.
However, Other Goods Inflation decreased to 1.2 percent for the year ending March 2018 compared to the 1.6 percent recorded during the year ended February 2018.The decrease in Other Goods inflation was largely driven by Sugar that dropped to minus 14.7 percent for the year ending March 2018 compared to minus 11.5 percent recorded in February 2018.
Bread and Cereals inflation also declined to 0.4 percent in March 2018 compared to 1.1 percent in February 2018.
The Annual Energy, Fuels and Utilities (EFU) Inflation decreased to 10.3 percent for the year ending March 2018 compared to 11.2 percent recorded for the year ended February 2018.
The decrease was due to Annual Inflation for Solid Fuels (charcoal and Firewood) that is registered at 16.8 percent for the year ending March 2018 compared to 20.4 percent recorded in February 2018.
However, the Annual Inflation for Liquid Energy Fuels (petrol, diesel & Kerosene) rose to 8.7 percent for the year ending March 2018 compared to 7.3 percent recorded for the year ended February 2018.
