Weak Shilling, power tariffs push 2015 average inflation to 5.2%

What you need to know:

Hit. In July, the Shilling was selling in the region of 2,800.

Kampala. The depreciation of the Uganda Shilling against the US dollar and increment in power tariffs have seen the country register increase in its annual average inflation rate of 5.2 per cent for 2015 compared to 4.3 recorded in 2014.
In 2013, Uganda’s annual average inflation rate closed at 5.5 per cent attributed to high inflationary pressure, that year, compared to 2014 and 2015.
Uganda Bureau of Statistics (Ubos) said a weak Shilling and high power tariffs implied that the general public was faced with the problem of mobilising more money to be able to pay for goods and services for their daily livelihood.


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