Inflation

Several white fuel tankers bearing "Danger Petrol" signs parked on a dirt lot at a storage depot in Jinja, Uganda, under a blue sky.

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

The oil and chemical tanker Petrel Pacific moored at a terminal during twilight, discharging ballast water.

Monetary policy

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

Kampala road in Kampala on a busy day

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

A fuel station in Kibuye, Kampala

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

An instructor and students at the International School of Uganda engage with 3D printing technology and laptops in a modern design laboratory in Kampala.

Inflation eases as education costs moderate

Annual inflation fell to 2.9% in February from 3.2% as education and service cost pressures eased

Michael Atingi-Ego, Bank of Uganda deputy governor, at a meeting at the bank's Kampala headquarters, February 2024.

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

The sun sets behind the unisphere during day five of the 2009 U.S. Open at the USTA Billie Jean King National Tennis Center on September 4, 2009 in the Flushing neighborhood of the Queens borough of New York City.

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

Increasing piles of coins with a red arrow on a square patterned background.

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

Organised supermarket shelves displaying a variety of fresh vegetables including green peppers, cabbages, pumpkins, greens, and brassicas.

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 growth

More Inflation

30 September 2016

Inflation falls to 4.2% in September

Annual headline inflation fell for the third consecutive month, slowing to 4.2% in September 2016 from 4.8% in August, according to data from the Uganda Bureau of Statistics. Core inflation, which is targeted by the Central Bank, also fell to 4.1%.

A retail shopping centre in downtown Kampala, Uganda

1 September 2016

Inflation falls to lowest level in 16 months

Annual headline inflation fell to its lowest level in 16 months, coming in at 4.8% for August, data from the Uganda Bureau of Statistics showed on Wednesday

29 July 2016

Interest rate cut likely after July drop in inflation

Inflation fell to 5.1% year-on-year in July from 5.9% in June according to data from the Uganda Bureau of Statistics, setting the stage for a third consecutive rate cut when Bank of Uganda's Monetary Policy Committee meets in mid-August.