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.

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Uganda Inflation Rate


Uganda Inflation Rate
In Uganda, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.
Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.60 24.40 -5.36 1998 - 2021 percent Monthly
2016/2017=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 08:20 AM Nov 2.6% 1.9% 2%
2021-12-31 08:15 AM Dec 2.9% 2.6% 2.5%
2022-01-28 08:30 AM Jan 2.9% 2.8%


Related Last Previous Unit Reference
Inflation Rate 2.90 2.60 percent Dec/21
Consumer Price Index CPI 114.70 114.10 points Dec/21
Food Inflation 5.30 4.60 percent Dec/21
Inflation Rate Mom 0.50 0.20 percent Dec/21
CPI Transportation 148.91 145.37 points Dec/21
CPI Housing Utilities 111.80 112.40 points Dec/21
Core Consumer Prices 116.06 115.35 points Dec/21
Producer Prices Change 18.00 15.60 percent Nov/21
Producer Prices 215.10 212.40 points Nov/21
Core Inflation Rate 2.60 2.10 percent Nov/21


News Stream
Uganda December Inflation Rate at Over 1-Year High
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.
2022-01-04
Uganda November Inflation Rate Hits 8-Month High
The annual inflation rate in Uganda picked up to 2.6 percent in November of 2021, from 1.9 percent in the previous month. That was the highest rate since March, underpinned by prices of food & non-alcoholic beverages (4.6 percent vs 3.1 percent in October); furnishings (4.7 percent vs 3.9 percent); health (5.6 percent vs 5.5 percent); transport (3.5 percent vs 2.4 percent) and restaurants & hotels (2.5 percent vs 1.4 percent). On a monthly basis, consumer prices were up 0.2 percent, the same pace as in the preceding month.
2021-12-02
Uganda Inflation Rate Edges Up to 2.1% in July
The annual inflation rate in Uganda edged up to 2.1 percent in July of 2021 from 2 percent in the previous month, mainly due to a smaller drop in housing & utilities (-0.9 percent vs -1.5 percent in July) and a rebound in cost of food & non-alcoholic beverages (0.7 percent vs -1.6 percent). Meantime, transport prices slowed (10.7 percent vs 15.9 percent). On a monthly basis, consumer prices were unchanged, after a 0.4 uptick in June.
2021-08-02