THE UGANDA BUREAU OF STATISTICS RELEASES THE CONSUMER PRICE INDEX FOR JULY 2022.

By Nancy Emily Nagujja

On 29th July, 2022, Ms. Aliziki Kaudah Lubega Deputy Economic Standards at the Uganda Bureau of Statistics (UBOS) released the Consumer Price Index (CPI) for July, 2022. The Overall Consumer Price Index registered for the month of July, 2022 was 122.04 with an inflation rate of 7.9%.

Ms. Aliziki highlights that the annual headline Inflation has increased to 7.9% up from 6.8% registered in June 2022. This is driven by the increase of commodities under the Core Inflation which increased to 6.3% in the year ending July 2022, up from 5.5% registered in the year that ended in June 2022. The Core Inflation increase is attributed to annual other goods Inflation that increased to 10.2% in the year ending July, 2022, up from 9.3% recorded in the year that ended in June 2022.

Particularly Cassava Flour Inflation increased to 62.3% in July 2022 from 31.2% in June 2022, Maize Flour Inflation increased to 56.3% in July 2022 up from 48.3% that was registered in June 2022. In the Annual services Inflation shot up to 2.0% up from the 1.1% registered in June 2022. This was mainly due to the annual transport inflation that increased to 4.6% in July 2022 down from the 1.7% in June 2022. Specifically the motorcycle fares inflation increased to 18.8% in July 2022 up from the 3.2% in June 2022.

The annual food crops and related items Inflation increased to 16.4% in the year ending July 2022, up from 14.5% registered in the year ended June 2022.This was due to annual vegetables, tubers, plantains, cooking bananas and pulses Inflation that increased to 23.7% in July 2022 up from 18.9% registered in June 2022. Specifically, Matooke Inflation increased to 50.7% in July 2022, up from 32.5% registered in June 2022 and the beans inflation rose to 18.2% in July 2022, up from 7.7% registered in June 2022.

The annual energy, fuels and utilities Inflation increased to 17.2% in the year ending July 2022, up from 14.2% registered in the year ended June 2022. This was mainly due to annual liquid energy fuels inflation that increased to 53.0% in July 2022, up from 44.7% in June 2022. Specifically Petrol Inflation increased to 56.1% in July 2022, up from 45.6% registered in June 2022. In addition, annual National Water charges Inflation increased to 5.8% in July 2022 up from 0.0% in June 2022.

The annual goods Inflation for the 12 months to July 2022 increased to 11.8% up from 10.6% recorded in June 2022. This is mainly due to annual inflation for non-durable goods that increased to 14.5% for the 12 months to July 2022 up from 13.0% recorded in June 2022. In addition the semi-durable goods annual inflation increased to 4.6% in July 2022 up from 4.2% in June 2022. Durable goods annual inflation increased to 2.6% for the 12 months to July 2022 up from 2.3% in June 2022.

The monthly Inflation for July 2022 increased by 1.0% the same rise that was recorded in the month of June 2022. This is mainly attributed to the monthly Core Inflation in July 2022 the same rise recorded in June 2022. This increase in monthly core inflation was attributed to annual their goods Inflation that increased by 1.2% in July 2022 from the 1.4% rise recorded in June 2022. The monthly Energy Fuel, Utilities (EFU) increased 2.4% in July 2022 from the 3.5% registered in June 2022. This was mainly due to the monthly liquid Energy Fuels Inflation that increased by 6.2% in July 2022 from the 7.5% rise recorded in June 2022. Specifically the Petrol Inflation increased by 7.6% in July 2022 from the 8.1% rise registered in June 2022.

Source by The Uganda Bureau of Statistics (UBOS)

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