The annual inflation rate in Uganda rose to 4.1% in March of 2021 from 3.8% in the previous month, reaching its highest level since last October. Main upward pressure came from prices of transport (25.4% vs 28.9%); food & non-alcoholic beverages & tobacco (1.1% vs -0.9%); health (4.1%, the same pace as in February) and alcoholic beverages & tobacco (2.9% vs 3.4%). In addition, costs fell less for housing & utilities (-0.3% vs -1.4%), amid a slower decrease in prices of firewood (-13.2% vs -15.6%) and a slight rebound in those of charcoal (0.3% vs -3.4%). On a monthly basis, consumer prices went up 0.3%, the same pace as in the previous month. source: Uganda Bureau of Statistics
Inflation Rate in Uganda averaged 6.08 percent from 1998 until 2021, reaching an all time high of 24.50 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 April of 2021.
Inflation Rate in Uganda is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Uganda to stand at 3.00 in 12 months time. In the long-term, the Uganda Inflation Rate is projected to trend around 4.00 percent in 2022 and 4.40 percent in 2023, according to our econometric models.