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. source: Uganda Bureau of Statistics
Inflation Rate in Uganda averaged 5.83 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 August of 2022.
Inflation Rate in Uganda is expected to be 7.60 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 6.00 percent in 2023 and 5.00 percent in 2024, according to our econometric models.