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
Consumer inflation rises moderately in April as prices of food staples increase
Uganda consumer prices rose moderately in April due to an increase in the prices of food staples, as measures implemented to check the spread of the coronavirus disrupted supply chains and drove up demand
Core inflation slips to 6-month low in March
Consumer prices rose at a more modest pace in March compared to February as core inflation slowed to its weakest pace in six months, according to figures from the Uganda Bureau of Statistics
Consumer prices unchanged in February
Uganda consumer price inflation held steady in February as core consumer prices stayed flat, suggesting inflationary pressures remain muted and in line with the Bank of Uganda's most recent assessment
Consumer price inflation moderates in January
Uganda consumer price inflation moderated in January after striking its highest level in fifteen months in the previous month, lowering the probability that the Bank of Uganda will depart from its accommodative monetary policy when it sets interest rates later this month
Inflation ticks up to highest level since September 2018
Uganda's inflation rose to a fifteen-month high in December 2019, driven by a rise in the annual food crops and related items inflation
Consumer inflation rises to 5-month high
Uganda consumer price inflation increased for the second straight month in November, rising to its highest level in five months, boosted by a rise in core consumer prices
Inflation picks up a notch in October
Prices for food crops and related items, particularly fruits and vegetables, helped push Uganda consumer prices a notch higher in October and to their highest level in three months
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
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
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
