The annual inflation rate in Uganda rose further to 2.9 percent in December of 2021, from 2.6 percent in the previous month. That was the highest rate since October of 2020, underpinned by prices of food & non-alcoholic beverages (5.3 percent vs 4.6 percent in November); health (5.4 percent vs 5.6 percent); furnishings (5 percent vs 4.7 percent) and transport (4.2 percent vs 3.5 percent). On a monthly basis, consumer prices were up 0.5 percent, following a 0.2 percent increase in the prior month. source: Uganda Bureau of Statistics
Inflation Rate in Uganda averaged 5.85 percent from 1998 until 2021, reaching an all time high of 24.40 percent in November of 2011 and a record low of -5.36 percent in November of 2001. This page provides - Uganda Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Inflation Rate in Uganda is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uganda Inflation Rate is projected to trend around 2.60 percent in 2023 and 3.00 percent in 2024, according to our econometric models.