Uganda’s inflation at 4.1 percent yr-on-yr in Oct: stats office

KAMPALA (Reuters) – Uganda’s inflation was slightly down at 4.1 percent year-on-year in October, the statistics office said on Monday, driven by a slow down in the price of food.

The year-on-year inflation in September was 4.2 percent.

Annual core inflation increased to 5.1 percent from a revised 4.1 percent in September, driven by an increase in the price of education, the Uganda Bureau of Statistics said in a statement.

Core inflation is a measurement that the central bank monitors for monetary policy and which strips out food, fuel, metered water and electricity prices.

(Reporting by Elias Biryabarema; Editing by Katharine Houreld)

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