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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
Several white fuel tankers bearing "Danger Petrol" signs parked on a dirt lot at a storage depot in Jinja, Uganda, under a blue sky.
Inflation

Fuel prices push inflation higher in May

Headline inflation edged up in May as energy and transport costs climbed sharply amid higher global oil prices
The oil and chemical tanker Petrel Pacific moored at a terminal during twilight, discharging ballast water.
Monetary policy

Bank of Uganda’s Monetary Policy Statement for May 2026 — Full text

Monetary Policy Committee keeps rates on hold for a seventh consecutive meeting but raises its inflation outlook as fuel costs begin feeding through
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
Michael Atingi-Ego, Bank of Uganda deputy governor, at a meeting at the bank's Kampala headquarters, February 2024.

Bank of Uganda’s Monetary Policy Statement for February 2026: the full text

The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
The sun sets behind the unisphere during day five of the 2009 U.S. Open at the USTA Billie Jean King National Tennis Center on September 4, 2009 in the Flushing neighborhood of the Queens borough of New York City.

Bank of Uganda keeps rates on hold as inflation stays tame and growth holds firm

The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
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

More Inflation

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
1 March 2019

Inflation inches up in February on telephone services and passport fees

Uganda's annual consumer price inflation edged higher for the second straight month in February, primarily due to an increase in the prices of telephone and telefax services and passport fees over the past twelve months, the bureau of statistics said on Thursday

A mobile phone mast
7 February 2019

Bank of Uganda leaves rates unchanged, hails strong economy

The Bank of Uganda's monetary policy committee has voted to keep the Bank's benchmark lending rate unchanged in its first meeting of 2019, noting that the risks to its medium-term inflationary outlook are roughly balanced

Export containers at a port.
31 January 2019

Consumer price inflation rebounds in January

Uganda's inflation rate rose for the first time in five months in January amid a rebound in core inflation and an increase in energy, fuels, and utilities prices

Clothes stalls in downtown 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
13 August 2018

Bank of Uganda holds primary rate constant

The Bank said the decision is consistent with its neutral monetary policy stance and is in line with keeping core inflation close to the medium-term target of 5% while supporting economic growth

Bank of Uganda officials during the Monetary Policy Press Briefing
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