Trends of consumer price indicies in uganda 2003-2014

Abstract

Consumer price index (CPI) also known as commodity Price Index is the measure of the changes in the general price of a market basket of consumer goods and services purchased by a household. CPI in Uganda has been generally unstable over the year and in general 1994-2014. With peaks and valleys. The inflation rate in Uganda was recorded at 5.40 percent in May of 2014. Inflation Rate in Uganda averaged 7.21 percent from 1998 until 2014, reaching an all-time high of 30.48 percent in October of 2011 and a record low of -5.36 percent in November of 2001. Inflation Rate in Uganda is reported by the UBOS. However, the Central Bank together with UBOS have worked hand in hand to see to it that this rate is kept at a minimum say by regulating the central rate, that is the rate at which commercial banks borrow money from it and by doing this they will lower the interest rate thus lowering the inflation rate or otherwise is the OMO.