The aim of re-basing is mainly to ensure that new items in the economy, which could have become more important that before, are included and their weight put into consideration.
The annual headline inflation for the year ended March 2021 now drops to 2.7% from the 4.1% that was recorded before rebasing.
The observation was made by professional bodies, economic analysts and government officials in the wake of trade standoffs and political quarrels, amongst EAC member states. Currently, in the region, Uganda is facing trade barriers with Kenya as several Ugandan products like sugar, poultry, milk and grain, are either blocked or restricted by quotas and tariffs.
