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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

1 October 2019

Central bank’s preferred measure of inflation eases to 14-month low

The Bank of Uganda's preferred measure of inflation eased to a 14-month low in September, a reading that gives its policy makers latitude to cut interest rates when they meet next Tuesday

The Bank of Uganda in Kampala
30 August 2019

Uganda’s consumer price growth slows in August

Uganda's consumer price growth slowed for the second straight month in August thanks to lower core inflation and food prices, bringing the annual inflation rate to its lowest level since June 2018

Statistics House, which houses the Uganda Bureau of Statistics in Kampala
30 June 2019

Core inflation rises at fastest pace in two years

Core consumer prices in Uganda rose by their quickest pace in two years in June, buoyed by higher service prices, according to data released on Friday

A teacher and pupils in a classroom
2 May 2019

Uganda inflation rises to seven-month high in April

Uganda's inflation rose to a seven-month high in April, dragged higher by an increase in core consumer prices

Taxi park in Kampala
30 March 2019

Consumer prices unchanged in March but core inflation heats up

Inflation in Uganda was unchanged in March, but this will offer little relief to policymakers as core inflation, which measures underlying trends, rose for the third straight month

Statistics House, which houses the Uganda Bureau of Statistics in Kampala
30 November 2018

Consumer inflation unchanged in November

The increase in Uganda consumer prices remained unchanged from the previous month in November amid stabilising food prices, data published by the Uganda Bureau of Statistics show

Woman selling food in a market
1 November 2018

Inflation slows down for second straight month in October on lower food and energy prices

Uganda's annual inflation rate, measured by the consumer price index, continued falling in October reflecting a slowdown in the prices of food and energy items, according to figures from the Uganda Bureau of Statistics

Woman selling food in a market
30 September 2018

Consumer prices slow slightly in September but core inflation hits 12-month high

Uganda's annual consumer price inflation fell slightly in September, the first decline in four months, largely because of a slowdown in the annual food crops and related items inflation rate.

Busy market in Kampala, Uganda
1 September 2018

Communication taxes and old car ban push up August inflation

The Uganda Bureau of Statistics said Friday that the consumer prices index 12-month rate rose for the third straight month in August, mainly because of rising prices for services, particularly communication and transport.

Taxi park in Kampala
31 July 2018

Consumer inflation rises for second month in row

Uganda's annual headline inflation rate increased for the second consecutive month in July, mainly as a result of new taxes on social media and mobile money and higher car prices

Taxi park in Kampala