Bloomberg News

Uganda’s Inflation Slows to 15.8% From 17-Year High on Food

June 30, 2011

(Updates with monthly price increase in second paragraph.)

June 30 (Bloomberg) -- Inflation in Uganda, where protests erupted in April over the rising cost of living, slowed from its highest level in 17 years in June as food prices declined.

The annual inflation rate fell to 15.8 percent from 16 percent in May, the Uganda Bureau of Statistics said today in a statement handed to reporters in the capital, Kampala. Prices climbed 0.1 percent in the month.

Food price inflation slowed by 2.5 percentage points in the month as a decline in the costs of bananas, pineapples and beans offset higher charges for bread and corn flour, the agency said.

The annual inflation rate for non-food items rose to 20.3 percent from 19.5 percent in May, it said. The underlying annual inflation rate, which excludes food, fuel, electricity and metered-water costs, climbed to 12.2 percent in June from 11.3 percent in May, the bureau said.

Uganda, with a population of more than 31.7 million people and a $16 billion economy, according to the World Bank, is Africa’s second-largest coffee producer, after Ethiopia, and the biggest robusta coffee producer on the continent.

--Editors: Karl Maier, Phil Sanders

To contact the reporter on this story: Fred Ojambo in Kampala at fojambo@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.


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