The annual inflation rate in Uganda ticked up to 3.7% in January of 2021 from 3.6% in the previous month. Prices remained sharp for transport (28.1% vs 28.2% in December), namely passenger transportation services by road (61.3% vs 64.6%). At the same time, costs advanced faster mainly for clothing & footwear (3.5% vs 2.8%) and restaurants & hotels (1.5% vs 0.7%). On the other hand, prices continued to fall for food & non-alcoholic beverages (-1.2% vs -1%), of which vegetables (-7.4% vs -7.3%) and bread & cereals (-5.6% vs -5.3%); and housing & utilities (-0.9% vs -2.5%). On a monthly basis, consumer prices went up 0.2%, after increasing 0.3% in the previous month. source: Uganda Bureau of Statistics

Inflation Rate in Uganda averaged 6.09 percent from 1998 until 2021, reaching an all time high of 24.50 percent in November of 2011 and a record low of -5.36 percent in November of 2001. This page provides - Uganda Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uganda Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Inflation Rate in Uganda is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Uganda to stand at 3.00 in 12 months time. In the long-term, the Uganda Inflation Rate is projected to trend around 4.00 percent in 2022, according to our econometric models.

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Uganda Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.60 24.50 -5.36 1998 - 2021 percent Monthly
2009/2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 08:45 AM Oct 4.5% 4.5% 4.4%
2020-11-30 10:15 AM Nov 3.7% 4.5% 4.3%
2020-12-31 08:00 AM Dec 3.6% 3.7% 3.5%
2021-01-29 08:50 AM Jan 3.7% 3.6% 3.4%
2021-02-26 08:30 AM Feb 3.7% 3.7%
2021-03-31 07:30 AM Mar 3.4%
2021-04-30 11:15 AM Apr 3.2%
2021-05-28 12:20 PM May


News Stream
Uganda January Inflation Rate Edges Up to 3.7%
The annual inflation rate in Uganda ticked up to 3.7% in January of 2021 from 3.6% in the previous month. Prices remained sharp for transport (28.1% vs 28.2% in December), namely passenger transportation services by road (61.3% vs 64.6%). At the same time, costs advanced faster mainly for clothing & footwear (3.5% vs 2.8%) and restaurants & hotels (1.5% vs 0.7%). On the other hand, prices continued to fall for food & non-alcoholic beverages (-1.2% vs -1%), of which vegetables (-7.4% vs -7.3%) and bread & cereals (-5.6% vs -5.3%); and housing & utilities (-0.9% vs -2.5%). On a monthly basis, consumer prices went up 0.2%, after increasing 0.3% in the previous month.
2021-01-31
Uganda December Inflation Rate Drops to 7-Month Low
The annual inflation rate in Uganda edged down to 3.6% in December of 2020 from 3.7% in the previous month. It was the lowest inflation rate since May, as prices continued to ease mostly for transport services (59.6% vs 60.4% in November) and alcoholic beverages & tobacco (3.3% vs 3.8%). In addition, costs decreased for housing & utilities (-2.5% vs -0.3%), of which electricity, gas and other fuels (-6% vs -1.4%); and food & non-alcoholic beverages (-1%, the same pace as in November). On a monthly basis, consumer prices were up 0.3%, after falling 0.5% in the previous month.
2021-01-05
Uganda November Inflation Rate Hits 6-Month Low
The annual inflation rate in Uganda fell to 3.7% in November of 2020 from 4.5% in the prior month. It was the lowest inflation rate since May amid a slowdown in transport services prices (60.4% vs 64% in October), as transport fares, especially for shorter distances, dropped 6%. At the same time, inflation slowed for clothing & footwear (0.9% vs 1.3%); furnishings (1.1% vs 1.4%); restaurants & hotels (0.5% vs 1.6%) and miscellaneous goods & services (1.3% vs 1.6%). Furthermore, prices fell for food & non-alcoholic beverages (-1% vs -0.1%), mostly vegetables (-5.1% vs -2.8%) and fruits (-9.9%, the same pace as in October); and housing & utilities (-0.3% vs 1.6%). On a monthly basis, consumer prices went down 0.5%, after increasing 0.2% in the prior month.
2020-12-13
Uganda October Inflation Rate Steady at 4.5%
The annual inflation rate in Uganda stood at 4.5 percent in October of 2020, unchanged from the previous month. Prices dropped for food & non-alcoholic beverages (-0.1 percent vs 0.2 percent in September) while inflation slowed mostly for housing & utilities (1.6 percent vs 2.3 percent) and clothing & footwear (1.3 percent vs 2.5 percent). Conversely, transport prices continued to climb (29.6 percent vs 27.7 percent), namely transportation services (64 percent vs 62.5 percent) amid a recent hike in fares of buses and taxi operators following the President's directive requiring them to carry half the capacity to prevent a second wave of coronavirus. The annual core inflation rate went up to 6.3 percent in October, the highest since June of 2016, from 6.2 percent in the prior month. On a monthly basis, consumer prices went up 0.2 percent, slowing from a 0.7 percent increase in the prior month.
2020-11-02

Uganda Inflation Rate
In Uganda, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.