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
Rising core inflation highlights persistent price pressures
Core inflation rose last month, bolstering the central bank's recent contractionary policy in the face of what it says are strong inflationary pressures
Bank of Uganda raises rates to highest levels in nearly 7 years, nods to strong inflation pressures
The Bank of Uganda raised interest rates for the second time in as many months on Monday, citing the risk of increased inflationary pressures due to a weak shilling
Bank of Uganda’s Monetary Policy Statement for March 2024 — Full text
On 6 March 2024, a special meeting of the Bank of Uganda's Monetary Policy Committee increased the Central Bank Rate to 10 per cent
Interest rates raised by 0.5% to stem shilling’s slide
The Central bank raised its key interest rate at an emergency meeting to stem a “sharp depreciation” of the shilling caused by offshore investor outflows and in the wake of resurgent inflation
Consumer prices grow at fastest pace in six months
A surge in services prices, driven by increases in education and restaurant and accommodation services, pushed inflation to its fastest pace in six months in February
Construction costs slowed in December
Construction costs rose at the slowest pace in four months in December as prices for inputs used in building construction and building completion and finishing fell
BoU keeps rates on hold, raises inflation forecast
Bank of Uganda said that economic activity continues to strengthen, although the weakening shilling could lead to a modest increase in inflationary pressures
Consumer prices jump, closing door on interest rate cuts
Consumer prices rose in January on higher transport and other service costs, pushing up the core inflation gauge preferred by policymakers
Kampala metro house prices see biggest rise since 2021
In the last quarter of 2023, house prices in the Greater Kampala Metropolitan Area experienced their largest increase since Q2 2021
Inflation flat in December, but core rate up for first time since February
Inflation was flat in December, although core prices, which are more closely monitored by policymakers, accelerated for the first time since February
