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Bank of Uganda Governor Clarifies: Lower Inflation Rate Doesn’t Mean Lower Prices
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Bank of Uganda Governor Clarifies: Lower Inflation Rate Doesn’t Mean Lower Prices
Governor Michael Atingi-Ego of the Bank of Uganda last week clarified the nuanced concept of disinflation, emphasising that a decline in the inflation rate does not equate to a fall in price levels. His remarks came during the reading of the Monetary Policy Statement for the month of May, aiming to demystify public understanding of economic indicators. “It does not mean to say that prices are coming down,” Governor Atingi-Ego stated. “Inflation …
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