The inflation rate has increased by 0.5% from 6.3% recorded in May to 6.8% in July.
The June monthly Consumer Price Index (CPI) by the Uganda Bureau of Statistics (UBOS) revealed that this increase was due to an increase in Core Inflation to 5.5% in June from 5.1 of May 2022.
According to CPI, petrol Inflation rose to 45.9% from 35.8% in May 2022. Kerosene Inflation rose to 37.1% in June, May 2022 was 23% and Tomatoes inflation rose to 56.7%, May 2022 was 41.5.
However, this is far away from the reality on the ground since the petrol prices have shot to between Shs6000 and Shs6300 for the past three weeks.
“Maize Flour inflation rose to 48.3%, May was 39.5%. Energy, Fuel, and Utilities Inflation rose to 14.2% from 12% of May 2022,” reads part of the report
According to the report, the Monthly Headline Inflation for June 2022 increased by 1% compared to the 1.5% rise in May 2022. Transport increased by 1.9% compared to a 3% rise in May 2022. Housing, Water, Electricity, Gas, and Other Fuels increased by 1.0%, May was 0.2%
“Various items have had price increases in the recent past. In June 2021, Petrol was Sh4000 and roughly Sh6000 now, Diesel was Sh3500 and roughly Sh5500 now,”
Gulu registered the highest Inflation of 10.4% from 8.4% in May 2022. Arua ranked 2nd at 9.8% from 7.1% of May. Mbarara was lowest at 4.7% down from 5.8% in May.
The report indicates that there has been a significant reduction in transport costs compared to May.
The annual Transport Inflation decreased to 1.7% in June compared to May was 4.4%.
DaParrot however in its independent survey conducted in different parts of Kampala found out that the prices have remained the same since the lifting of lockdown in January.
From Mbuya, Kireka, Bweyogerere, and Nambole to Kampala Central District for example a commuter taxi charges between Shs2000 and Shs4000, since January.
Boda-boda riders for the same journey charge between Shs4000 and Shs5000.
This indicates that fuel prices have affected increasing the number of people using public transport due to the number of private vehicle owners who have parked them at home.
As of today, the price of fuel costs between Shs6000 and Shs6300.
Annual Inflation for Non-Durable (ND) goods rose to 13% from 10.9% of May 2022.
“Annual Semi-Durable Goods (SD) Inflation shot to 4.2% in June 2022 from 3.7% of May. Annual Inflation for Durable (D) goods decreased to 2.3% from 3% of May 2022,” it reads
“The Annual average Residential Property Price Index (RPPI) in Greater Kampala Metropolitan Area (GKMA) for FY 2021/22 is registered at 104.91 from 111.13 price level in FY 2020/21,”
Prices of Properties in Nakawa decreased to -9.1% in FY 2021/22, FY 2020/21 was 13.4% while in Wakiso, ‘Kawempe & Rubaga’, and ‘Kampala central and Makindye’ areas decreased to -9.2%, -9.4% and 2.3% respectively during FY 2021/22 compared to 7.3%, -2.1% and 6.1% of FY 2020/21.
