Grapevine

By Monitor
Aug 1, 2024

Increase in prices of services, food push up inflation

Inflation has risen to 4 percent for both core and headline driven by a faster rate of price increase in the mix of services and food items.

Computed consumer price index data released by the Uganda Bureau of Statistics (Ubos) yesterday indicates that during the month ended July, most services and goods registered an increase in price charges.

This is the highest inflation rate since July 2023 when it stood at 3.9 percent.

While releasing the consumer price index for July, Ubos director of economic statistics Aliziki K. Lubega, said services inflation had increased to 6.5 percent from 6.1 percent, while passenger transport inflation, comprising taxi and flights, had risen to 8.2 percent.

Accommodation services inflation increased to 8.2 percent from 7 percent, while cultural services inflation rose to 8.4 percent from 5.7 percent in June.