EDITOR'S SPOTLIGHT
BusyMarkets Kampala #018: UGX stable amid soaring petrol prices
The UGX remained stable against the USD entering the weekend due to limited activity on the market by importers and commercial banks. The outlook reflects a weaker shilling. This has already posed a threat to inflation wherever the foreign currency is involved (Input/Output). Recent data from Uganda Bureau of Statistics (UBOS) indicates that during August, inflation slightly declined to 3.5% from 3.9% in July. However, price increase among some key commodities continues to present inflationary pressures last seen more than a year ago.
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