Uganda's headline inflation decreased to 2.6 percent in July of 2019 from 3.4 percent in the previous month. It is the lowest inflation since December of 2018, mainly due to a steep decline in communications costs (-10 percent vs 14.5 percent in June) and slowdown in prices of transport (8.1 percent vs 11.2 percent). On a monthly basis, consumer prices decreased 0.4 percent, after a 0.1 percent drop in the previous month. Inflation Rate in Uganda averaged 6.28 percent from 1998 until 2019, 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.
Inflation Rate in Uganda is expected to be 3.30 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 5.40 in 12 months time. In the long-term, the Uganda Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.