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Core inflation

Vegetables and fruit on a stall at Mercat de la Boqueria, Barcelona.

Food and fuel push Uganda’s inflation to its highest since 2023

Annual inflation rose to 4.6 per cent from 4.1 per cent as matooke rose 16 per cent in a month and petrol and diesel stayed 30.9 and 42.5 per cent above last year
Kampala road in Kampala on a busy day

Rising energy prices push inflation higher in April

Inflation rose to 3% in April as fuel and transport costs increased, highlighting growing energy-driven price pressures
A fuel station in Kibuye, Kampala

Inflation dips despite fastest rise in fuel costs in over a year

Uganda’s March inflation eased to 2.8% as core and food prices offset a sharp rise in energy costs
An instructor and students at the International School of Uganda engage with 3D printing technology and laptops in a modern design laboratory in Kampala.

Inflation eases as education costs moderate

Annual inflation fell to 2.9% in February from 3.2% as education and service cost pressures eased
Increasing piles of coins with a red arrow on a square patterned background.

Inflation inches up to 3.2% on higher transport and service costs

January inflation rose to 3.2% as service costs jumped, offsetting easing food price pressures from December
Organised supermarket shelves displaying a variety of fresh vegetables including green peppers, cabbages, pumpkins, greens, and brassicas.

Inflation holds steady at 3.1% as food prices climb

December's inflation held at 3.1% as rising vegetable and energy costs offset easing core price growth
Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics

Inflation falls for second consecutive month to 3.1%

Inflation slowed to 3.1 per cent in November, reflecting a cooldown in the prices of food items and crops, according to figures from the Uganda Bureau of Statistics
The general grocery section of a supermarket

Core CPI rises at slowest pace in 19 months

Core consumer prices, which exclude volatile food and energy costs, rose 3.4 per cent in October from a year earlier—the slowest pace since April 2024
Vegetables and fruit on a stall at Mercat de la Boqueria, Barcelona.

Inflation ticks up, but underlying prices are muted

Inflation picked up pace in September, rising to its highest level in 14 months, driven by a surge in food crop and related item prices

More Core inflation

30 April 2024

Rising core inflation highlights persistent price pressures

Core inflation rose last month, bolstering the central bank's recent contractionary policy in the face of what it says are strong inflationary pressures

An agricultural market in downtown Kampala
31 January 2024

Consumer prices jump, closing door on interest rate cuts

Consumer prices rose in January on higher transport and other service costs, pushing up the core inflation gauge preferred by policymakers

Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics
29 December 2023

Inflation flat in December, but core rate up for first time since February

Inflation was flat in December, although core prices, which are more closely monitored by policymakers, accelerated for the first time since February

A passenger bus terminal in the centre of Kampala. The terminal accommodates buses that carry passengers on long journeys, mostly to western Uganda. It is one of several bus terminals, with most terminals attracting buses travelling to a particular region.
30 November 2023

Inflation edges up for first time since February

Inflation rose for the first time in ten months in November, driven by an increase in services prices, although the closely watched core consumer prices indicator was unchanged

Kampala road in Kampala on a busy day
29 September 2023

Inflation slows further in September

Inflation slowed sharply in September, with the headline indicator falling to a 22-month low due to a slowdown in underlying price pressures

Assorted grains and pulses in a market
28 February 2022

Consumer prices rise at fastest pace in 20 months

Uganda consumer price prices jumped in February at the fastest pace in 20 months as economic activity picked up following the lifting of almost all pandemic measures and the reopening of the hospitality and education sectors

Taxi park in Kampala
31 January 2022

Inflation slows in January as transport costs drop

Declines in transport costs, resulting from the relaxation of Covid-19 lockdown measures, and the prices of alcohol, tobacco, and narcotics led to a fall in Uganda's inflation in January

Shops in Kampala's Old Taxi Park.
30 November 2021

Consumer prices rise at fastest pace in eight months

Uganda's inflation rose to an eight-month high in November, largely due to price increases for food crops and the operation of personal transport equipment

Market vendors in Uganda wearing masks to protect against Covid-19 coronavirus
30 April 2021

Consumer prices drop in April on lower food, energy costs

Uganda's inflation slowed in April, ending a three-month spell of rising prices, as costs of food, gas, and other fuels fell

Total fuel station in Kampala
31 March 2021

Core consumer inflation slows to nine month low

Stronger vegetable prices helped push Uganda's consumer price inflation in March to its highest level in five months, while core consumer prices moderated as transport inflation slowed

Taxi park in Kampala