Inflation rate drops

Inflation has further dropped from 5.3% in December last year to 4.9%in this month.

This is according to the new inflation rates released this morning by the Uganda bureau of statistics.

According to the director micro economics statistics Dr. Chris Mukiza the decline comes as a result of the decline in the prices of energy, fuel and utilities.

Mikiza says the drop is good news to the economy since it shows that our currency is steadily stabilizing.

Mukiza however noted that in terms of Centre inflation rates, Masaka registered the highest headline inflation rate of 7.2%from 6.8%in December 2012.

This was driven by the high price of alcohol beverages rent and charcoal in the district.