#cblnews Uganda’s inflation is projected to have the highest - TopicsExpress

#cblnews Uganda’s inflation is projected to have the highest average by the end of the year according to a new African Development Bank (AfDB)report. The Central Bank’s target for inflation stands at 5 per cent. The report says overall inflation in Eritrea, Sudan, Burundi, Uganda and Tanzania is projected to be an average of 12.3, 22, 8.6, 10.2 and 8.4 per cent, respectively. Kenya is forecast to register an annual average inflation of 6.3 per cent this year compared to 9.6 per cent last year, relieving banks and employers of higher savings and wage compensation demands.

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