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.

Inflation Rate in Uganda averaged 6.14 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 July of 2020.

Inflation Rate in Uganda is expected to be 4.60 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 4.00 percent in 2021 and 4.30 percent in 2022, according to our econometric models.

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Uganda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.10 2.80 24.50 -5.36 1998 - 2020 percent Monthly
2009/2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 07:30 AM Mar 3% 3.4% 3.8%
2020-04-30 11:15 AM Apr 3.2% 3% 3.2%
2020-05-29 12:20 PM May 2.8% 3.2% 3.2%
2020-06-30 09:00 AM Jun 4.1% 2.8% 3.4%
2020-07-31 12:55 PM Jul 4.1% 4.4%
2020-08-31 08:30 AM Aug
2020-09-30 11:00 AM Sep 4.6%
2020-10-30 08:40 AM Oct


News Stream
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 May Inflation Rate at 7-Month Low of 2.8%
The annual inflation rate in Uganda slowed to 2.8 percent in May of 2020 from 3.2 percent in the previous month. It was the lowest inflation rate since last October, mainly due to prices of food & non-alcoholic beverages (2.6 percent vs 4.8 percent in April) and clothing & footwear (2.6 percent vs 3.1 percent). Meantime, costs continued to decrease for transport (-0.4 percent vs -0.7 percent) and communication (-4 percent vs -8.8 percent). Conversely, inflation quickened for housing & utilities (6.8 percent vs 6.6 percent), on account of charcoal prices (28.5 percent vs 28.1 percent). On a monthly basis, consumer prices edged down 0.1 percent, after surging 1 percent in the previous month.
2020-06-04
Uganda Inflation Rate Ticks Up to 3.2% in April
The annual inflation rate in Uganda rose to 3.2 percent in April of 2020 from 3 percent in the previous month. Prices advanced faster mainly for food & non-alcoholic beverages (4.8 percent vs 4 percent in March) and housing & utilities (6.6 percent vs 6.4 percent). In contrast, costs fell for transport (-0.7 percent vs -0.6 percent) and communication (-8.8 percent, the same pace as in March). On a monthly basis, consumer prices jumped 1 percent, after increasing 0.1 percent in the previous month.
2020-04-30
Uganda March Inflation Rate at 4-Month Low of 3%
The annual inflation rate in Uganda edged down to 3% in March of 2020 from 3.4% in the previous month.This was the lowest inflation rate since November of last year, amid a slowdown in prices of clothing & footwear (3% vs 3.5% in February); furnishings (2.9% vs 3.1%); recreation & culture (1.3% vs 1.7%) and alcoholic beverages & tobacco (1.1% vs 1.9%). In addition, transport costs dropped (-0.6% vs 1.5%). Conversely, food and non-alcoholic beverages became were more expensive (4% vs 3.5%). On a monthly basis, consumer prices went up 0.1%, following a 0.2% increase in the previous month.
2020-04-02

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.