Subscribe | Sign In | Subscribe

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 November 2017

Uganda inflation falls to 32-month low

A slowdown in the rise of food prices was responsible for the drop in the increase of Uganda consumer prices in November to their lowest level since March 2015, according to figures from the statistics bureau

Woman selling food in a market
31 October 2017

Uganda consumer prices rose 4.8% in October

Uganda consumer prices rose in October by the least in eleven months, as a slowdown in education fees brought down services inflation

A teacher and pupils in a classroom
3 October 2017

Uganda’s central bank cuts benchmark rate to 9.5%

Bank of Uganda said on Tuesday that economic activity is picking up and stressed the importance of private sector credit growth as it announced a cut in its policy rate to its lowest level ever

29 September 2017

Inflation inches up on higher Kampala parking fees

The recent increase in Kampala parking rates lifted Uganda's inflation in September, according to data released by the Uganda Bureau of Statistics on Friday

31 August 2017

Food prices help slow consumer inflation in August

Uganda’s annual inflation fell to its lowest level in nine months in August as a slowdown in the increase of food prices brought down the headline rate

Busy market in Kampala, Uganda
11 August 2017

Bank of Uganda puts brakes on monetary easing as economy improves

Before Friday's decision, the Bank of Uganda had reduced its policy lending rate in each of its past eight meetings going back to April 2016

Bank of Uganda's head office in Kampala.
31 July 2017

Uganda inflation falls for second straight month

The Uganda Bureau of Statistics attributes the drop in July's Annual Headline Inflation to a decline in the prices of food crops

19 June 2017

BoU cuts policy lending rate further to support economic recovery

The central bank's decision to cut its policy lending rate was influenced by the slowdown in economic growth

Officials seated around a conference table during a press briefing
31 May 2017

Inflation hits highest in 15 months, driven by food prices

Consumer price inflation for the year ended May 2017 rose to 7.2%, its highest level in 15 months, as the effects of a prolonged drought in parts of the country pushed up food prices.

Busy market in Kampala, Uganda
28 April 2017

Inflation rises to highest since February 2016

Inflation rose 6.8% year on year in April from 6.4% in March, according to figures from the Uganda Bureau of Statistics.

Busy market in Kampala, Uganda