The annual producer prices for the Hotels and Restaurants Industry increased by 4.4% in the first quarter of financial year 2017/18 compared to a fall of 2.2% in the same period of financial year 2016/17, the Uganda Bureau of Statistics (Ubos) says in its latest report on the industry.
Ubos attributes the 4.4 percent annual price increase to prices of accommodation which increased by 6.2 percent, and the price of conference halls that increased by 3.9 percent.
The report shows that prices of catering services increased by 3.6 percent; the prices of drinks (sodas, beer, mineral water, wines and spirits) rose by 5.2 percent, while that of foods and snacks upped by 2.7 percent.
“Prices of snacks have remained high with an annual price increase of 12.4 percent,” the report says in part, attributing to upward trend to the comprehensiveness of the item which consists of light bites, coffee, tea and others,” the report states in part.
