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. source: Uganda Bureau of Statistics
Inflation Rate in Uganda averaged 5.82 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 June of 2022.
Inflation Rate in Uganda is expected to be 7.00 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 3.80 percent in 2024, according to our econometric models.