Uganda Inflation Rate1998-2020 Data | 2021-2022 Forecast | Calendar | Historical

The annual inflation rate in Uganda edged down to 4.6% in August of 2020 from 4.7% in the prior month. Prices slowed mostly for housing & utilities (3.7% vs 5.3% in July), of which energy fuels and utilities such as charcoal (13.6% vs 20.9%) and firewood (9.9% vs 14.2%). Inflation also decelerated for health (2.2% vs 3.1%); furnishings (2.7% vs 3.1%); recreation & culture (0.9% vs 1.5%) and miscellaneous goods & services (2% vs 2.6%). In contrast, prices rose faster for food & non-alcoholic beverages (1.7% vs 1.6%); clothing & footwear (1.9% vs 1.2%) and transportation (22.2% vs 20.5%), namely transportation services because of the bus fares that have more than doubled since the country started to lift lockdown restrictions. The annual core inflation rate went up to 5.9% in August from 5.8% in the prior month. On a monthly basis, consumer prices were up 0.3%, after increasing 0.1% in the previous month.

The annual inflation rate in Uganda rose to 4.7 percent in July of 2020 from 4.1 percent in June, the highest since October of 2017. The annual core inflation rate went up to 5.8 percent in July from 4.9 percent in the previous month, mainly due to higher transport prices (47.3 percent vs 34.2 percent). Meantime, energy, fuels and utilities inflation declined to 6.6 percent from 8.3 percent, as cost of charcoal slowed (21 percent vs 26.4 percent). Prices continued to fall for liquid fuel ( -4.4 percent vs -5.1 percent) and petrol (-6.4 percent vs -7.4 percent). Food crops and related items inflation declined at a faster 5.8 percent, compared to a 5.0 percent drop, of which vegetables (-0.4 percent) and fruits (-13.4 percent).

The annual inflation rate in Uganda rose to 4.1% in June of 2020 after hitting a seven-month low of 2.8% in the prior month. This was the highest rate since October of 2017, mainly pushed up by transport prices (14.6% vs -0.4% in May), in particular transport services (34.2% vs -0.3%), as taxi and bus operators have raised fares after the ban on transport in border districts was lifted. In fact, Uganda's President Yoweri Museveni declared a nationwide lockdown and ban on public transport in late March to curb the spread of the novel coronavirus. On the other hand, inflation continued to ease mostly for food & non-alcoholic beverages (1.9% vs 2.6%); housing & utilities (6.5% vs 6.8%); furnishings (3.1% vs 3.7%); alcoholic beverages & tobacco (0.8% vs 1.8%) and education (1.1% vs 5.3%). On a monthly basis, consumer prices inched up 1.2%, after dropping 0.1% in the previous month.

The annual inflation rate in Uganda slowed to 2.8 percent in May of 2020 from 3.2 percent in the previous month. It was the lowest inflation rate since last October, mainly due to prices of food & non-alcoholic beverages (2.6 percent vs 4.8 percent in April) and clothing & footwear (2.6 percent vs 3.1 percent). Meantime, costs continued to decrease for transport (-0.4 percent vs -0.7 percent) and communication (-4 percent vs -8.8 percent). Conversely, inflation quickened for housing & utilities (6.8 percent vs 6.6 percent), on account of charcoal prices (28.5 percent vs 28.1 percent). On a monthly basis, consumer prices edged down 0.1 percent, after surging 1 percent in the previous month.