The inflation rate in Uganda eased to 2.2 percent year-on-year in December 2018 from 3 percent in the previous month. It is the lowest inflation rate since June. Inflation Rate in Uganda averaged 6.37 percent from 1998 until 2018, 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.
Inflation Rate in Uganda is expected to be 4.00 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 3.80 in 12 months time. In the long-term, the Uganda Inflation Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.