FX.co ★ Uganda's CPI Sees Slight Dip in April 2024, Registers at 3.2%

Uganda's Consumer Price Index (CPI) experienced a slight dip in April 2024, reaching 3.2%, compared to 3.3% in March 2024. The data, updated on April 30, 2024, indicates a minor decrease in the country's inflation rate. The comparison, done on a year-over-year basis, shows a subtle shift in the CPI for the month of April compared to the same period the previous year.

While the decrease is marginal, it could reflect various factors influencing Uganda's economy. The CPI is a crucial measure of inflation that impacts consumer spending, investment decisions, and overall economic stability. Observers will be keen on future CPI data to gauge the trajectory of Uganda's economy and assess any potential implications for businesses and consumers alike.