Views: 55
0 0
Read Time:1 Minute, 1 Second

The Uganda Bureau of Statistics price index findings for the month of September reveal that in the month of August, the revenue for hoteliers declined by 5.8 percent, while prices for catering services increased by 2.3 percent, with snacks, spirits and wine attracting a higher price.
This is attributed to the fact that although customers were a no show due to COVID-19 restrictions, delivery services played a great deal in increasing consumption of such commodities.

Also in the month of September, the producer prices for the manufactured goods increased by 0.8 percent, compared to a 0.4 percent decrease registered in August.
James Ambayo of Business and industry statistics blames the inflationary trends to the decreased producer prices for utilities like electricity in the month of September.

The economy, however, enjoyed a distinctive growth in the construction sector, demonstrated by increased net domestic supply of cement in September, as compared to August.
Again, this was due to the 6.5 percentage increase in cement production, locally.

These are some of the many indicators that the economy is likely to stabilize soonest should local production continue to thrive and feed in the increased demand, backed by reduced importation of commodities.

Follow Us on Social Media

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

The NRM has done its work, he tells leaders

Advertisements NRM Presidential flag bearer, Yoweri Tibuhaburwa Kaguta Museveni, has asked NRM legislators to support government priorities geared at creating wealth. Museveni was on Thursday addressing NRM leaders in Arua on his 4th campaign meeting. President Yoweri Museveni arrived at Muni University grounds at 3pm, and was welcomed by top leadership […]

You May Like

%d bloggers like this: