{"id":28456,"date":"2022-03-23T17:03:08","date_gmt":"2022-03-23T17:03:08","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=28456"},"modified":"2022-03-23T15:57:29","modified_gmt":"2022-03-23T15:57:29","slug":"rising-grocery-prices-temporary-says-minister-kasaija","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija","title":{"rendered":"Rising grocery prices temporary, says minister Kasaija"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Finance minister, Mr Matia Kasaija, has said the rising cost of commodities is temporary and will subside soon.<\/p>\n

\u201cAs we may all observe, the main causes of the recent increase in commodity prices are external and thus beyond the ability of policymakers to deal with. We should not panic or alarm our people. This is a temporary situation that is going to subside sooner or later,\u201d he said.<\/p>\n

READ:<\/b><\/p>\n

High commodity prices push Uganda\u2019s inflation to 3.2% – UBOS<\/p>\n

He noted that the escalating prices are much lower compared to elsewhere in the world.<\/p>\n

\u201cThe rise in prices in Uganda is much lower compared with the current global trends. Inflation has risen everywhere in the world, including in advanced nations. For example inflation in US accelerated to 7.9 per cent in February, the highest they have recorded in 40 years,\u201d Mr Kasaija said.<\/p>\n

He advised Ugandans to find cheaper alternatives. \u201cI used paw paw leaves during Amin\u2019s time to wash. I am not advocating for that, but you can use them as an alternative. I am not mocking anyone,\u201d he said.<\/p>\n

Mr Kasaija was addressing the media at the Uganda Media Centre yesterday.<\/p>\n

ALSO READ:<\/b><\/p>\n

Rise in commodity prices is a good thing<\/p>\n

The increase in commodity prices has left several Ugandans struggling to put food on the table and provide for their families.<\/p>\n

\u201cThe government through the Bank of Uganda is monitoring and responding with necessary monetary policy to ensure inflation stays within target…,\u201d the minister said.<\/p>\n

He blamed the rise on the effects of the Covid-19 pandemic across the world that disrupted the supply chain, leading to higher transport costs and shortage of raw materials used to produce soap and cooking oil, among others.<\/p>\n

Weighing in on other causes, he said the situation has been worsened by the Russia -Ukraine conflict which has disrupted supply of oil and cereals such as wheat, corn, and sunflower oil.<\/p>\n

DON’T MISS:<\/b><\/p>\n

Economy overheating as cost of fuel, commodities increase<\/p>\n

The Uganda Bureau of Statistics indicates that cooking oil has registered the highest rise in price by 21 percent between December 2021 and February 2022 and a 77.6 percent rise in the past one year. The price of laundry bar soap has increased by 20 percent between December 2021 and February 2022 and by 47.8 percent in the past one year. Consumer price index for February 2022 increased to 3.2 percent from 2.7 percent in January 2022.<\/p>\n

[email protected]<\/b><\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Finance minister, Mr Matia Kasaija, has said the rising cost of commodities is temporary and will subside soon. \u201cAs we may all observe, the main causes of the recent increase in commodity prices are external and thus beyond the ability of policymakers to deal with. We should not panic or alarm […]<\/p>\n","protected":false},"author":84,"featured_media":28455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12],"tags":[233,240,234],"class_list":["post-28456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nRising grocery prices temporary, says minister Kasaija - Uganda<\/title>\n<meta name=\"description\" content=\"The Finance minister, Mr Matia Kasaija, has said the rising cost of commodities is temporary and will subside soon. \u201cAs ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising grocery prices temporary, says minister Kasaija\" \/>\n<meta property=\"og:description\" content=\"The Finance minister, Mr Matia Kasaija, has said the rising cost of commodities is temporary and will subside soon. \u201cAs ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-23T17:03:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-623b433a7bde6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"688\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rising grocery prices temporary, says minister Kasaija\",\"datePublished\":\"2022-03-23T17:03:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija\"},\"wordCount\":415,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-623b433a7bde6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/rising-grocery-prices-temporary-says-minister-kasaija\",\"name\":\"Rising grocery prices temporary, says minister Kasaija - 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