The annual inflation rate in Uganda edged down to 4.5 percent in September of 2020 from 4.6 percent in the previous month. Prices slowed mostly for food & non-alcoholic beverages (0.2 percent vs 1.7 percent in August); housing & utilities (2.3 percent vs 3.7 percent) and furnishings (1.4 percent vs 2.7 percent). In contrast, inflation continued to climb for transport (27.7 percent vs 22.2 percent), namely transportation services (62.5 percent vs 50.7 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 6.2 percent in September, the highest since June of 2016, from 5.9 percent in the prior month. On a monthly basis, consumer prices inched up 0.7 percent, after increasing 0.3 percent in August, mainly pushed up by prices of transport (4.5 percent vs 1 percent).

Inflation Rate in Uganda averaged 6.13 percent from 1998 until 2020, 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 October of 2020.

Inflation Rate in Uganda is expected to be 4.50 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 3.50 in 12 months time. In the long-term, the Uganda Inflation Rate is projected to trend around 3.00 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Uganda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.60 24.50 -5.36 1998 - 2020 percent Monthly
2009/2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 09:00 AM Jun 4.1% 2.8% 3.4%
2020-07-31 06:45 AM Jul 4.7% 4.1% 4.4%
2020-08-31 08:50 AM Aug 4.6% 4.7% 5%
2020-09-30 08:45 AM Sep 4.5% 4.6% 4.5%
2020-10-30 08:40 AM Oct 4.5%
2020-11-30 08:30 AM Nov
2020-12-28 08:30 AM Dec 4%


News Stream
Uganda Inflation Rate Eases Further to 4.5% in September
The annual inflation rate in Uganda edged down to 4.5 percent in September of 2020 from 4.6 percent in the previous month. Prices slowed mostly for food & non-alcoholic beverages (0.2 percent vs 1.7 percent in August); housing & utilities (2.3 percent vs 3.7 percent) and furnishings (1.4 percent vs 2.7 percent). In contrast, inflation continued to climb for transport (27.7 percent vs 22.2 percent), namely transportation services (62.5 percent vs 50.7 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 6.2 percent in September, the highest since June of 2016, from 5.9 percent in the prior month. On a monthly basis, consumer prices inched up 0.7 percent, after increasing 0.3 percent in August, mainly pushed up by prices of transport (4.5 percent vs 1 percent).
2020-10-01
Uganda Inflation Rate Drops to 4.6% in August
The annual inflation rate in Uganda edged down to 4.6% in August of 2020 from 4.7% in the prior month. Prices slowed mostly for housing & utilities (3.7% vs 5.3% in July), of which energy fuels and utilities such as charcoal (13.6% vs 20.9%) and firewood (9.9% vs 14.2%). Inflation also decelerated for health (2.2% vs 3.1%); furnishings (2.7% vs 3.1%); recreation & culture (0.9% vs 1.5%) and miscellaneous goods & services (2% vs 2.6%). In contrast, prices rose faster for food & non-alcoholic beverages (1.7% vs 1.6%); clothing & footwear (1.9% vs 1.2%) and transportation (22.2% vs 20.5%), namely transportation services because of the bus fares that have more than doubled since the country started to lift lockdown restrictions. The annual core inflation rate went up to 5.9% in August from 5.8% in the prior month. On a monthly basis, consumer prices were up 0.3%, after increasing 0.1% in the previous month.
2020-09-13
Uganda Inflation Rate Rises to Over 3-1/2-Year High of 4.7%
The annual inflation rate in Uganda rose to 4.7 percent in July of 2020 from 4.1 percent in June, the highest since October of 2017. The annual core inflation rate went up to 5.8 percent in July from 4.9 percent in the previous month, mainly due to higher transport prices (47.3 percent vs 34.2 percent). Meantime, energy, fuels and utilities inflation declined to 6.6 percent from 8.3 percent, as cost of charcoal slowed (21 percent vs 26.4 percent). Prices continued to fall for liquid fuel ( -4.4 percent vs -5.1 percent) and petrol (-6.4 percent vs -7.4 percent). Food crops and related items inflation declined at a faster 5.8 percent, compared to a 5.0 percent drop, of which vegetables (-0.4 percent) and fruits (-13.4 percent).
2020-07-31
Uganda June Inflation Rate Nears 3-Year High of 4.1%
The annual inflation rate in Uganda rose to 4.1% in June of 2020 after hitting a seven-month low of 2.8% in the prior month. This was the highest rate since October of 2017, mainly pushed up by transport prices (14.6% vs -0.4% in May), in particular transport services (34.2% vs -0.3%), as taxi and bus operators have raised fares after the ban on transport in border districts was lifted. In fact, Uganda's President Yoweri Museveni declared a nationwide lockdown and ban on public transport in late March to curb the spread of the novel coronavirus. On the other hand, inflation continued to ease mostly for food & non-alcoholic beverages (1.9% vs 2.6%); housing & utilities (6.5% vs 6.8%); furnishings (3.1% vs 3.7%); alcoholic beverages & tobacco (0.8% vs 1.8%) and education (1.1% vs 5.3%). On a monthly basis, consumer prices inched up 1.2%, after dropping 0.1% in the previous month.
2020-07-06

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.