Economist forecasts downward trend in inflation
Published On January 25, 2024 » 538 Views» By Times Reporter » Business, Stories
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By KETRA KALUNGA –
ECONOMIST Partner Siabutuba has forecast a potential downward trend in inflation between March and April, this year as a result of consistent market prices.
Mr Siabutuba noted in an interview that market prices had remained consistent compared to December, 2023 period.
He also said the inflation rate for the month of January this year, was likely to be maintained at 13.1 per cent.
This was because the economic parameters had not undergone major shifts, particularly in terms of food prices.
Mr Siabutuba said the food prices on the market and the cost of living had remained stable, an indication that the inflation rate would remain the same.

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