Inflation Rate in Uganda increased to 9 percent in August from 7.90 percent in July of 2022. source: Uganda Bureau of Statistics

Inflation Rate in Uganda averaged 5.84 percent from 1998 until 2022, 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 September of 2022.

Inflation Rate in Uganda is expected to be 9.50 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 5.00 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Uganda Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 08:30 AM Jul 7.9% 6.8% 7.2%
2022-08-31 08:30 AM Aug 9% 7.9% 8.3%
2022-09-30 08:30 AM Sep 9% 9.5%

Related Last Previous Unit Reference
Inflation Rate 9.00 7.90 percent Aug 2022
Consumer Price Index CPI 123.20 122.00 points Aug 2022
Food Inflation 15.70 14.90 percent Aug 2022
CPI Transportation 157.12 154.40 points Aug 2022
CPI Housing Utilities 118.04 117.10 points Aug 2022
Core Inflation Rate 7.20 6.30 percent Aug 2022
Core Consumer Prices 122.87 121.94 points Aug 2022
Inflation Rate MoM 1.00 1.00 percent Aug 2022
Producer Prices Change 22.80 18.40 percent Jun 2022
Producer Prices 244.30 240.70 points Jun 2022

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
9.00 7.90 24.40 -5.36 1998 - 2022 percent Monthly
2016/2017=100, NSA

News Stream
Uganda Inflation Rate Accelerates
The annual inflation rate in Uganda accelerated for the sixth straight month to 7.9% in July of 2022, from 6.8% in the previous month. It was the highest reading since December of 2015, mainly due to soaring prices of furnishings (17.1% vs 16.7% in June); food & non-alcoholic beverages (14.9% vs 13%); education (8.9%, the same pace as in June) and transport (4.6% vs 1.7%). On a monthly basis, consumer prices were up by 1%, the same pace as in the previous month.
Uganda May Inflation Rate Hits Near 5-Year High
The annual inflation rate in Uganda climbed to 6.3 percent in May of 2022 from 4.9 percent in the prior month, reaching its highest point since June of 2017. Main upward pressure came from prices of food & non-alcoholic beverages (11 percent vs 6.9 percent in April), of which vegetables; furnishings (17.3 percent vs 16.5 percent) and transport (4.4 percent vs 2.3 percent). On a monthly basis, consumer prices inched up by 1.5 percent, the biggest increase since September of 2015.
Uganda Inflation Rate at Over 1-1/2-Year High
The annual inflation rate in Uganda rose to 3.2 percent in February of 2022 from 2.7 percent in the prior month, reaching its highest point since July of 2020. Upward pressure came mostly from prices of furnishings (9.6 percent vs 5.8 percent in January); education (9 percent vs 0.6 percent); personal care, social protection & miscellaneous goods (4.6 percent vs 4 percent) and food & non-alcoholic beverages (4.5 percent vs 5.3 percent). On a monthly basis, consumer prices went up 1 percent, after decreasing 0.3 percent in the previous month.