Uganda's Consumer Price Index (CPI) for March 2024 has shown a slight decrease, reaching 3.3% compared to the previous month's 3.4%. The data, updated on 28th March 2024, indicates a small shift in the country's inflation rate. The CPI comparison is done on a Year-over-Year basis, which means the current indicator is compared to the same month a year ago.
While the decrease is marginal, it reflects a subtle adjustment in the prices of goods and services in Uganda. The CPI is a crucial economic indicator that measures the average change over time in the prices paid by consumers for a basket of goods and services. This slight dip could have varying impacts on different sectors of the economy and consumer purchasing power in the country. Analysts will closely monitor future CPI trends to assess the overall economic stability and inflation rate in Uganda.
