Inflation
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
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
Shilling breaches Shs4,000 with reserves nearly double their 2024 level
Uganda's reserves are 86.6 per cent above their February 2024 level, yet the central bank says it plans no dollar sales as the shilling weakens
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
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
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
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
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
Inflation eases as education costs moderate
Annual inflation fell to 2.9% in February from 3.2% as education and service cost pressures easedMore Inflation
Inflation soars in March on rise in prices of household goods and fuel
Rising prices for household goods and services, clothing and footwear, and fuel saw inflation in March rise to the highest rate since July 2018, highlighting the impact of the ongoing war in Ukraine on global supply chains
Inflationary pressures persist as business activity hits 9-month high in February
Private sector activity expanded in February, accelerating the most in nine months after the phased removal of pandemic restrictions, but a rise in input and labour costs saw companies raise output prices yet again
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
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
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
Central bank keeps rate unchanged, flags volatile economic and financial conditions
The Bank of Uganda kept its key policy rate unchanged to provide more economic stimulus amidst volatile demand, sluggish private sector borrowing, and the effects of coronavirus restrictions to key sectors
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
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
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
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