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 maintains policy rate at 9.5%
Central bank kept its key policy rate unchanged, as well as the rediscount rate and the bank rate
Construction cost inflation rises to 2.2% in October
Construction inflation rose for the second consecutive month in October, driven by the price of inputs for specialised construction activities
Inflation edges up for first time since February
Inflation rose for the first time in ten months in November, driven by an increase in services prices, although the closely watched core consumer prices indicator was unchanged
Construction input prices growth picks up in September
Prices for construction inputs picked up in September after rising at the slowest pace in 32 months in August
Consumer inflation slows to lowest level in two years
Consumer prices down for ninth month in a row despite sharp rise in energy prices
Bank of Uganda keeps policy rate on hold as inflation eases
The central bank on Thursday kept its policy rate unchanged, stating that its current policy stance aligns with its inflation outlook and supports economic growth
Inflation slows further in September
Inflation slowed sharply in September, with the headline indicator falling to a 22-month low due to a slowdown in underlying price pressures
Cost of construction index falls to 30-month low
Construction input price index, a measure of the change in the cost of materials and services used in construction, grew 1.9% in the year to July 2023, down from an increase of 2.7 per cent in June 2023
Inflation eases to 18-month low
The consumer price index climbed 3.5 per cent compared to a year earlier, a slight step down from the 3.9 per cent annual growth registered in May and marking the tenth consecutive slowdown
Bank of Uganda lowers policy rate amid growth concerns
Central bank cites economic indicators as it reduces policy rate to 9.5 per cent for stimulus
