What Is The Type Of Inflation Faced In Third World Countries?


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As the prices of oil are increasing worldwide, the the same situation is there in Uganda. Fuel prices are increasing. And because of these things, the prices of food and other items is also increasing. The income of the people is still stagnant and hence, their buying capacity is decreasing. So Uganda is suffering from Commodity Inflation as the prices of commodities are rising. This is also called cost-push inflation.
You can find the Ugandan inflation rates over the years here:

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