“If inflation is coming down, it doesn’t mean prices are falling.” -Governor Atingi-Ego Governor explains the difference between price levels and the rate of change in response to a question on rising prices despite subdued inflation. Featuring matooke, of course!

Mm so, Slowing inflation ≠ falling prices! If your matooke was 10k last year, 12k now, even at lower inflation, it’ll hit 12.6k next year, still climbing, just slower.

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The omuntu wa wansi needs such simplified explanations rather than the complex economic terms used in press statements. Thumbs up bwana Governor 👍

True and elaborate, but that does not mean the current inflation index is healthy for the country's economy and so is the rate of price change which does not much the income per capita or average purchasing power. My POV

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When inflation is said to be going down, it is such that more prices in a given basket are falling so that on average it’s a falling rate of change in inflation and vice versa. When people doubt inflation, they only mean to say same units of money buying less than previous years.

GDP Deflator is a tool that measures the inflation in goods & services produced within a particular country FORSALE;

Why are u people unbothered about online loan companies

Economics or politics

@grok is that right?

Is that so index what Ugandans need for the minimum living?😒