The monthly producer prices of manufactured goods produced for domestic consumption increased by 0.9 percent in June 2018 compared to 0.2 percent registered in May 2018, the Uganda Bureau of Statistics (Ubos) says in the latest report for June 2018.
Ubos attributes the 0.9 percent increase to a rise in the prices of processed food, non-metallic mineral products, beverages, pharmaceutical products and printing.
“The rise in monthly prices of domestic manufactured goods was mainly attributed to a rise in prices of Processed Food by 1.3 percent, Non-metallic Mineral Products by 0.2 percent, Beverages by 0.1 percent, Pharmaceutical Products by 1.5 percent and Printing by 1.1 percent in June 2018,” Ubos says in its report.
Meanwhile, producer prices of manufactured products for exports increased by 1.9 percent in June 2018 from decline of minus 1.7 percent recorded in May 2018. The rise in prices of exported goods was attributed to a rise in prices of food products which rose by 2.1 percent, Other Non-Metallic Mineral Products which rose by 3.0 percent and paper & Paper products which rose by 5.8 percent in June 2018.
The Annual producer prices for manufactured goods increased by 1.1 percent during the year ending June 2018 compared to the drop of minus 1.2 percent registered for the year ended May 2018.
On the other hand, the producer prices for utilities increased by 1.8 percent in June 2018 compared to 0.3 percent recorded in May 2018. “The rise in utility prices was mainly due to the increase in prices of Electricity Power Generation by 2.2 percent in June 2018 compared to a rise of 0.4 percent recorded in May 2018,” the report says.
Year-on-year, Ubos reports that the producer prices for utilities increased by 5.5 percent for the year ending June 2018 compared to 3.1% recorded for the year ended May 2018.
The main contributor to the 5.5 percent, according to Ubos, was the rise in prices of electricity power generation which rose by 7.7 percent during the year ending June 2018 compared to 4.8 percent recorded for the year ended May 2018.