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. source: Uganda Bureau of Statistics
Inflation Rate in Uganda averaged 6.09 percent from 1998 until 2021, reaching an all time high of 24.50 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 February of 2021.
Inflation Rate in Uganda is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Uganda to stand at 3.00 in 12 months time. In the long-term, the Uganda Inflation Rate is projected to trend around 4.00 percent in 2022, according to our econometric models.