Uganda’s Core Inflation Drops to 3.3%, Below Central Bank’s Target of 5%  🇺🇬  📉

Uganda’s Core Inflation Drops to 3.3%, Below Central Bank’s Target of 5% 🇺🇬 📉

#finance
#economy
#finance
#economics and country risk
Uganda's annual inflation rate for March 2024 dips to 3.3%, staying under the Bank of Uganda's target, signaling stability in the economy. 📉💰

Uganda's annual inflation rate for March 2024 fell slightly to 3.3%, below the Bank of Uganda’s (BoU) target of less than 5%. The decline is primarily due to a steady core inflation rate of 3.4%, with service prices as the main driver. Financial services experienced a notable growth in inflation, warranting further investigation by the government. Meanwhile, energy and fuel inflation slowed, potentially indicating government interventions to stabilize prices or promote alternative energy sources.

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