Uganda's annual inflation rate slowed to 12.4% in May from 13.4% the previous month, the Uganda Bureau of Statistics has said. Food prices have remained high despite headline inflation rate slowing.

"The main inflation driver remained food inflation," the statistics office said in a statement.

Food prices, which make up 27.2% of the consumer price index, climbed 2.1% in May from a month earlier, after a 4.5% rise in April.

Prices of petrol, diesel, charcoal and firewood all declined, while prices of cement, some household goods and education materials rose, it said.

The inflation rate hit 15.6% last August on the back of rising food prices -- its highest level since June 1994.
‑Reuters.