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
Bank of Uganda holds policy rate steady, says inflation remains subdued
Bank of Uganda maintained its benchmark lending rate for the third time this year, saying the inflation outlook over the next 12 months is largely unchanged from the last monetary policy committee meeting in April but noted that risks remain elevated
Consumer inflation falls in May
Consumer prices fell slightly in May compared to a year ago after rising in April, said the Uganda Bureau of Statistics
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
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
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
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
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
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
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
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.
