High import costs push price index up by 10%

Roofings Group chairman Sikander Lalani explains how iron sheets are manufactured at the factory in Namanve, Waksio District. High cost of imported raw materials has hiked prices of manufactured goods. PHOTO BY RACHEL MABALA

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Factors. Inflation and currency depreciation have also been blamed on the hike.

Kampala. High cost of imported raw materials, coupled with expensive loans, have significantly pushed up the prices of manufactured goods in the country over the last one year.
Accordingly, Uganda Bureau of Statistics (Ubos) said the Producer Price Index (PPI) for manufactured goods increased by 10.5 per cent for the year ending August 2015 compared to 8.1 per cent for the year ended July 2015.
This, the statistics body said, signifies the fact that the general public has had to pay more on the same goods than they were paying a year earlier.


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