Uganda

Data cited at: https://comstat.comesa.int/HCPI2016

Consumer price indexes (CPIs) are index numbers that measure changes in the prices of goods and services purchased or otherwise acquired by households, which households use directly, or indirectly, to satisfy their own needs and wants. In practice, most CPIs are calculated as weighted averages of the percentage price changes for a specified set, or ‘‘basket’’, of consumer products, the weights reflecting their relative importance in household consumption in some period. CPIs are widely used to index pensions and social security benefits. CPIs are also used to index other payments, such as interest payments or rents, or the prices of bonds. CPIs are also commonly used as a proxy for the general rate of inflation, even though they measure only consumer inflation. They are used by some governments or central banks to set inflation targets for purposes of monetary policy. The price data collected for CPI purposes can also be used to compile other indices, such as the price indices used to deflate household consumption expenditures in national accounts, or the purchasing power parities used to compare real levels of consumption in different countries.

The current Consumer Price Index was re based from 2005/2006 to 2009/2010, using weights derived from the Uganda National Household Survey (UNHS IV) that was conducted from May 2009 to April 2010. During the re basing exercise, Kampala was further decomposed into three baskets from the two that has been existing. In addition, Fort-portal Center was incorporated into the Index. The re based CPI is now classified using international standards, referred to as Classification of Individual Consumption According to Purpose (COICOP). This is a shift from the Central Product Classification (CPC) that was used in the earlier series.