The annual inflation rate in Uganda climbed further to 6.8 percent in June of 2022, from 6.3 percent in the prior month, reaching its highest point since May of 2017. 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 July 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.

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Uganda Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 08:30 AM May 6.3% 4.9% 5.3%
2022-06-30 09:00 AM Jun 6.8% 6.3% 7%
2022-07-29 08:30 AM Jul 6.8%

Related Last Previous Unit Reference
Inflation Rate 6.80 6.30 percent Jun 2022
Consumer Price Index CPI 119.70 118.00 points May 2022
Food Inflation 11.00 6.90 percent May 2022
CPI Transportation 147.60 143.30 points May 2022
CPI Housing Utilities 115.60 115.80 points May 2022
Core Inflation Rate 5.10 4.30 percent May 2022
Core Consumer Prices 119.55 118.26 points May 2022
Inflation Rate Mom 1.50 1.00 percent May 2022
Producer Prices 238.20 230.20 points Apr 2022
Producer Prices Change 12.80 12.00 percent Mar 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
6.80 6.30 24.40 -5.36 1998 - 2022 percent Monthly
2016/2017=100, NSA

News Stream
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.
Uganda Inflation Rate Slows to 2.7% in January
The annual inflation rate in Uganda eased to 2.7 percent in January of 2022 from an over one-year high of 2.9 percent in the prior month, attributed to a slowdown in prices of transport (0.2 percent vs 4.2 percent in December) and as inflation was steady for alcoholic beverages & tobacco (at 1.2 percent). On a monthly basis, consumer prices were down 0.3 percent, the first decrease in a year, following a 0.5 percent increase in the previous month.