Inflation
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 eased
Bank of Uganda’s Monetary Policy Statement for February 2026: the full text
The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
Bank of Uganda keeps rates on hold as inflation stays tame and growth holds firm
The Bank of Uganda maintains its 9.75% rate, balancing subdued inflation against global uncertainty and a positive output gap
Inflation inches up to 3.2% on higher transport and service costs
January inflation rose to 3.2% as service costs jumped, offsetting easing food price pressures from December
Inflation holds steady at 3.1% as food prices climb
December's inflation held at 3.1% as rising vegetable and energy costs offset easing core price growthMore Inflation
Inflation hits one-year high in February
Annual headline inflation rose to 6.7% for the year ended February 2017, up from 5.9% in January. This was on the back of higher food prices, with annual food crops inflation rising to 18.8% from 14.5% in January.
Bank of Uganda cuts policy rate by 0.5%
Bank of Uganda on Wednesday lowered the central bank rate by 0.5% to 11.5% from the 12% set in December.
Uganda economy to grow 5% in 2017 – Stanbic Bank
After growing at an average rate of 7.8% in 1990-2010, the expansion of Uganda's economy slowed to 4.5% in the five years to 2016. The prevailing consensus among economists is that growth this year will hew to the rate of the last few years.
Inflation rises to 5.9% in January
Inflation rose to 5.9% in January, the highest rate in seven months, mainly driven by an increase in the price of food crops, according to the Uganda National Bureau of Statistics. Headline inflation in December 2016 came in at 5.7%.
Inflation climbs to six-month high
The inflation rate rose sharply in December to 5.7%, the highest rate in six months, mainly because of an increase in the price of food crops to 10.8%, according to the Uganda Bureau of Statistics. Headline inflation in November was 4.6%.
Bank of Uganda cuts benchmark interest rate to 12%
The Bank of Uganda on Wednesday lowered the central bank rate by 100 basis points from 13%, set in October, to 12%. The bank's monetary policy committee said the rise was necessary to "keep the domestic economic growth momentum."
Bank of Uganda governor expects “small rise” in GDP growth
The prospects for macroeconomic stability in the near to medium term are currently very good, according to the central bank governor. Economic growth in 2017 will be "close to the economy’s medium term potential growth of 5%," he said.
Food prices drive rise in headline inflation in November
Inflation for the year ended November 2016 rose to 4.6% from 4.1% the previous month, the first increase since July, while core inflation - a key measure targeted by the Bank of Uganda - rose for the second consecutive month to 5.2%.
Inflation slows to 4.1% in October
Annual headline inflation slowed to 4.1% for the year ended October 2016 from 4.2% in September, according to data from the Uganda Bureau of Statistics. Core inflation however rose to 5.1% year-on-year from 4.1% (revised) in September.
Bank of Uganda lowers key lending rate to 13%
Bank of Uganda has cut its benchmark lending rate by 100 basis points to 13%, saying its forecast of core inflation will remain around the medium-term target of 5% over the next 12 months and citing the need to support domestic economic growth.
