Uganda's economy is basically stuck in neutral right now. The country's factory and power station price increases held at 1.2 percent through the latest annual period, but that flat line hides some sketchy stuff happening underneath. Producer prices keep dropping, and demand looks pretty weak across the board.
Manufacturing inflation slid down a bit to 1.6 percent, with food processors and sugar makers seeing their price pressures cool off hard. Meanwhile, electricity generation keeps bleeding value at negative 5.6 percent, meaning power companies are getting paid way less than before. Month to month, things actually got worse, with producer prices sliding another 0.3 percent.
The real gut punch came from fish processing, where prices tanked 3.3 percent in just one month. That's gonna hurt the Lake Victoria fishing communities and exporters who ship to Europe and Asia.
Manufacturing inflation slid down a bit to 1.6 percent, with food processors and sugar makers seeing their price pressures cool off hard. Meanwhile, electricity generation keeps bleeding value at negative 5.6 percent, meaning power companies are getting paid way less than before. Month to month, things actually got worse, with producer prices sliding another 0.3 percent.
The real gut punch came from fish processing, where prices tanked 3.3 percent in just one month. That's gonna hurt the Lake Victoria fishing communities and exporters who ship to Europe and Asia.
