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Core inflation

An illustration for property, mortgages, bank loans and home savings. A model of a house sitting on architectural plans, with a blurred piggy bank in the background.
Explainer

What the Bank of Uganda’s rise to 12 per cent means for the shilling, fuel and loans

How the Bank of Uganda's increase in its policy rate to 12 per cent could affect the shilling, pump prices, and existing loans and savings
The Bank of Uganda's headquarters in Kampala

Bank of Uganda raises benchmark rate to 12 per cent at special meeting

Uganda’s central bank lifted its rate to 12 per cent, the largest increase since 2011, and raised its inflation forecasts as the shilling weakened
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

More Core inflation

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
1 March 2021

Core and overall consumer prices gain modestly in February

Inflation in Uganda rose for the third time in as many months, pushed up by a slower decline in food prices, according to data from the Bureau of Statistics

Woman selling food in a market
29 May 2020

Rise in consumer prices moderates in May

The pace of the rise in Uganda's consumer prices moderated in May, reflecting a year on year decline in the prices of food crops and related items

Market vendors in Uganda wearing masks to protect against Covid-19 coronavirus
31 March 2020

Core inflation slips to 6-month low in March

Consumer prices rose at a more modest pace in March compared to February as core inflation slowed to its weakest pace in six months, according to figures from the Uganda Bureau of Statistics

Clothes stalls in downtown Kampala
28 February 2020

Consumer prices unchanged in February

Uganda consumer price inflation held steady in February as core consumer prices stayed flat, suggesting inflationary pressures remain muted and in line with the Bank of Uganda's most recent assessment

1 February 2020

Consumer price inflation moderates in January

Uganda consumer price inflation moderated in January after striking its highest level in fifteen months in the previous month, lowering the probability that the Bank of Uganda will depart from its accommodative monetary policy when it sets interest rates later this month

Taxi park in Kampala
31 December 2019

Inflation ticks up to highest level since September 2018

Uganda's inflation rose to a fifteen-month high in December 2019, driven by a rise in the annual food crops and related items inflation

Woman selling food in a market
30 November 2019

Consumer inflation rises to 5-month high

Uganda consumer price inflation increased for the second straight month in November, rising to its highest level in five months, boosted by a rise in core consumer prices

Statistics House, which houses the Uganda Bureau of Statistics in Kampala
1 November 2019

Inflation picks up a notch in October

Prices for food crops and related items, particularly fruits and vegetables, helped push Uganda consumer prices a notch higher in October and to their highest level in three months