{{Uganda\u2019s economy has posted single digit inflation this financial year.}}<\/p>\n
According to Uganda Bureau of Statistics, the single digit inflation was a result of tight monetary policy coupled with increased food supplies to markets, eased inflation in the current financial year to a single digit, down from the double digit inflation witnessed in the 2011\/12 Financial Year.<\/p>\n
The statistics Bureau, said financial year-on-financial year inflation eased to an average of 5.6% in 2012\/13 from an average of 23.5 % in 2011\/2012.<\/p>\n
Uganda had last witnessed single digit financial year-on-year inflation in 2010\/11 when it was 6.5%.<\/p>\n
Inflation is the general change in the prices of commodities and services over a certain period of time. So with high inflation, it means that one needs more money to pay for a similar basket of goods and services when compared to a similar period.<\/p>\n
The average single digit inflation therefore means that although prices were high, there were no price increases registered.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Uganda\u2019s economy has posted single digit inflation this financial year.}} According to Uganda Bureau of Statistics, the single digit inflation was a result of tight monetary policy coupled with increased food supplies to markets, eased inflation in the current financial year to a single digit, down from the double digit inflation witnessed in the 2011\/12 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[99],"byline":[334],"hashtag":[],"class_list":["post-8794","post","type-post","status-publish","format-standard","hentry","category-business","tag-greatlakesnews","byline-igihe-reporter"],"bylines":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":334,"name":"IGIHE Reporter","slug":"igihe-reporter","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=8794"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/8794\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=8794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=8794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=8794"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=8794"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=8794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}