Inflation down, shilling us as gold exports rise

A stronger shilling has caused a reduction in the price of imports, especially oil products. PHOTO | FILE | NATION MEDIA GROUP

Increased gold exports in recent months have strengthened the Ugandan shilling, helping to ease inflationary pressure from imported goods.

The Uganda Bureau of Statistics this week reported that annual headline inflation had slowed to 1.9 per cent in the month of September compared to 2.1 per cent registered in August, a factor largely attributable to a stronger shilling.