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.