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Ugandan inflation hits 21.4%. Food prices soaring. | New World Seeds & Tubers

Uganda, like the USA, imports much of its goods. Unlike the $US, the Ugandan Schilling has been sold off in the currency markets, resulting in rising prices for imports.

http://www.monitor.co.ug/News/National/-/688334/1228632/-/bjsoh5z/-/

The reason I am posting this is that the phenomenon is starting in some of the less influential economies of the world, but spreading.

It’s also worth pointing out that food prices are rising the fastest, faster than the Ugandan Schilling is falling:

The Director for Macro-Economics Statistics at Ubos, Dr Chris Ndatira Mukiza, said food inflation, which rose to 42.9 per cent from 40.7 per cent, remains the main driver of inflation.

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