Uganda's headline inflation edged up to 3.4% in June 2019 from 3.3% in the previous month. Main upward pressure came from prices of transport (11.2% vs 11.4% in May); communication (14.5%, the same pace as in May) and education (6.8% vs 3.6%). In addition, cost rebounded for food & non-alcoholic beverages (0.5% vs -0.2%). Conversely, prices fell for housing & utilities (-0.3% vs 2.8%), led by electricity, gas and other fuels (-1% vs 0.4%). On a monthly basis, consumer prices dropped 0.1 percent, after increasing 0.4 percent in the previous month. Inflation Rate in Uganda averaged 6.29 percent from 1998 until 2019, 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.
Inflation Rate in Uganda is expected to be 3.20 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 5.30 in 12 months time. In the long-term, the Uganda Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.