Uganda's headline inflation eased to 1.9 percent in September 2019 from 2.1 percent in the prior month, reaching its lowest level since May last year, as prices fell for food & non-alcoholic beverages (-0.9 percent vs 0.1 percent in July), mostly sugar (-20.1 percent), bananas (-23.8 percent) and also communication (-10.1 percent vs -10 percent). In addition, cost advanced less for miscellaneous goods & services (7 percent vs 7.3 percent); recreation & culture (1.8 percent vs 2.2 percent) and clothing & footwear (4 percent vs 4.6 percent). Meanwhile, inflation was higher for housing & utilities (2.3 percent vs 1.2 percent); furnishings (2.4 percent vs 2.1 percent); health (2.6 percent vs 2.4 percent); restaurants & hotels (2.4 percent vs 1.9 percent) and alcoholic beverages, tobacco & narcotics (1.6 percent vs 1.0 percent). On a monthly basis, consumer prices inched up 0.7 percent, following a 0.4 percent rise in the previous month. Inflation Rate in Uganda averaged 6.25 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 2.50 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 3.70 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.