Uganda Inflation Rate1998-2021 Data | 2022-2023 Forecast | Calendar | Historical

The annual inflation rate in Uganda ticked up to 3.7% in January of 2021 from 3.6% in the previous month. Prices remained sharp for transport (28.1% vs 28.2% in December), namely passenger transportation services by road (61.3% vs 64.6%). At the same time, costs advanced faster mainly for clothing & footwear (3.5% vs 2.8%) and restaurants & hotels (1.5% vs 0.7%). On the other hand, prices continued to fall for food & non-alcoholic beverages (-1.2% vs -1%), of which vegetables (-7.4% vs -7.3%) and bread & cereals (-5.6% vs -5.3%); and housing & utilities (-0.9% vs -2.5%). On a monthly basis, consumer prices went up 0.2%, after increasing 0.3% in the previous month.

The annual inflation rate in Uganda edged down to 3.6% in December of 2020 from 3.7% in the previous month. It was the lowest inflation rate since May, as prices continued to ease mostly for transport services (59.6% vs 60.4% in November) and alcoholic beverages & tobacco (3.3% vs 3.8%). In addition, costs decreased for housing & utilities (-2.5% vs -0.3%), of which electricity, gas and other fuels (-6% vs -1.4%); and food & non-alcoholic beverages (-1%, the same pace as in November). On a monthly basis, consumer prices were up 0.3%, after falling 0.5% in the previous month.

The annual inflation rate in Uganda fell to 3.7% in November of 2020 from 4.5% in the prior month. It was the lowest inflation rate since May amid a slowdown in transport services prices (60.4% vs 64% in October), as transport fares, especially for shorter distances, dropped 6%. At the same time, inflation slowed for clothing & footwear (0.9% vs 1.3%); furnishings (1.1% vs 1.4%); restaurants & hotels (0.5% vs 1.6%) and miscellaneous goods & services (1.3% vs 1.6%). Furthermore, prices fell for food & non-alcoholic beverages (-1% vs -0.1%), mostly vegetables (-5.1% vs -2.8%) and fruits (-9.9%, the same pace as in October); and housing & utilities (-0.3% vs 1.6%). On a monthly basis, consumer prices went down 0.5%, after increasing 0.2% in the prior month.

The annual inflation rate in Uganda stood at 4.5 percent in October of 2020, unchanged from the previous month. Prices dropped for food & non-alcoholic beverages (-0.1 percent vs 0.2 percent in September) while inflation slowed mostly for housing & utilities (1.6 percent vs 2.3 percent) and clothing & footwear (1.3 percent vs 2.5 percent). Conversely, transport prices continued to climb (29.6 percent vs 27.7 percent), namely transportation services (64 percent vs 62.5 percent) amid a recent hike in fares of buses and taxi operators following the President's directive requiring them to carry half the capacity to prevent a second wave of coronavirus. The annual core inflation rate went up to 6.3 percent in October, the highest since June of 2016, from 6.2 percent in the prior month. On a monthly basis, consumer prices went up 0.2 percent, slowing from a 0.7 percent increase in the prior month.