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National Bureau of Statistics Reports Slight Drop in Inflation for April 2023




The National Bureau of Statistics (NBS) has reported a 0.4 percentage point decrease in inflation for the month of April 2023. According to the NBS statement released on Wednesday, inflation dropped from 4.7 percent in March to 4.3 percent in April. The statement attributed the drop to a slight decline in prices of both food and non-food items. The NBS statement revealed that there were notable decreases in the prices of maize, wheat flour, sweet potatoes, rice, millet flour, corn flour, noodles, chicken meat, fruits, beans, clothing fabrics, vitenge fabrics, and children's shoes. Specifically, maize dropped from 50.9 percent to 44.8 percent, wheat flour from 16.1 percent to 7.5 percent, and sweet potatoes from 7.8 percent to 2 Non-food items that also decreased in price included clothing fabrics, vitenge fabrics, and children’s shoes. Additionally, construction materials such as iron sheets and cement decreased in price.. In another step, The NBS statement also explained the inflation situation in some East African countries, where Uganda’s inflation decreased to 8.0 per cent from 9.0 per cent in March, and Kenya’s inflation decreased to 7.9 per cent from 9.2 per cent in March.

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