Inflation

Economy

Inflation falls for second consecutive month to 3.1%

Inflation slowed to 3.1 per cent in November, reflecting a cooldown in the prices of food items and crops, according to figures from the Uganda Bureau of Statistics
Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics
Economy

Bank of Uganda’s Monetary Policy Statement for November 2025: the full text

The central bank's decision reflects its confidence in the improving domestic economic environment, while also acknowledging the ongoing risks posed by the global economy
Bank of Uganda's headquarters in Kampala
Economy

Core CPI rises at slowest pace in 19 months

Core consumer prices, which exclude volatile food and energy costs, rose 3.4 per cent in October from a year earlier—the slowest pace since April 2024
The general grocery section of a supermarket
Economy

Stronger currencies ease inflation pressures across sub-Saharan Africa

Strong currencies have helped curb inflation in several sub-Saharan African countries, giving central banks room to ease interest rates and stimulate business activity
Various currency notes of African countries are seen in this photo
Economy

Inflation ticks up, but underlying prices are muted

Inflation picked up pace in September, rising to its highest level in 14 months, driven by a surge in food crop and related item prices
Vegetables and fruit on a stall at Mercat de la Boqueria, Barcelona.
Economy

Bank of Uganda’s Monetary Policy Statement for August 2025 — Full text

On 12 August 2025, the Monetary Policy Committee of the Bank of Uganda maintained the Central Bank Rate at 9.75%, reflecting persistent global economic uncertainty and recurring geopolitical tensions
Michael Atingi-Ego, Bank of Uganda deputy governor, at a meeting at the bank's Kampala headquarters, February 2024.
Economy

Central bank holds rates with wait-and-see guidance

The central bank hewed to expectations on Tuesday, keeping its benchmark rate unchanged citing “macroeconomic stability” resulting from coordination between monetary and fiscal policies
The head office of the Bank of Uganda in Kampala
Economy

June CPI report: Inflation ticks up

The consumer price index of goods and services costs ticked up in June, led by a jump in the prices of food crops and related items, the Uganda Bureau of Statistics said on Monday
Assorted grains and pulses in a market
Economy

Bank of Uganda’s Monetary Policy Statement for May 2025 — Full text

On 13 May 2025, the Bank of Uganda's Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 9.75 per cent
Bank of Uganda headquarters in Kampala
Economy

Inflation falls in September

Uganda's inflation fell to 3 per cent in September, strengthening the case for the Bank of Uganda to cut interest rates at its meeting next week
Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics
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