Consumer prices in Uganda rose 0.3 per cent in October from the previous month but the year-on-year rate of inflation eased to 4.5 percent from a revised 5.5 percent a month earlier, pointing to room for a small rate cut.Helped by slowing food price rises, the rate of inflation in east Africa’s third-largest economy has fallen consistently to its lowest level since January, 2011, after surging to an 18-year high in October last year.“During the month ... there was (a) decrease in the prices of sweet potatoes, sweet bananas, oranges, maize flour, some fresh vegetables and fresh milk in most centers,” the Ugandan Bureau of Statistics (UBOS) statistics office said on Wednesday.
