guru267 wrote:Impunity wrote:
I am not feeling this.
If the price of fuel was 80 bob per litre then may be I would have said the figures are true.
Before commenting make sure you know what you are saying or else you leave yourself exposed!
An inflation rate of 5% means average price of everything has RISEN by 5% compared to this time last year..
If fuel fell to 80bob we would be talking of
-20% fuel inflation!!If prices were falling/less compared to last year the inflation rate would be negative!
Between April 2012 to August 2012, the CPI index has actually fallen. So we're literally saying that prices were falling and not that prices were rising but at a declining rate. This means that by April 2013, we'll have inflation rising again. However, since the inflation stats are done year-on-year the 5.32% means that everything has risen by 5.32% compared to the same time last year.
Ugandan headline inflation is down from 11.90% to 5.40% in September. They actually had core inflation down to 4.80% from 11.40% last month. Clearly that situation calls for a loosening of the policy over there, but then again it also exposes the fact that core inflation is dangerous in UG.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden