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
Consumer inflation slows to lowest level in two years
Consumer prices down for ninth month in a row despite sharp rise in energy prices
Bank of Uganda keeps policy rate on hold as inflation eases
The central bank on Thursday kept its policy rate unchanged, stating that its current policy stance aligns with its inflation outlook and supports economic growth
Inflation slows further in September
Inflation slowed sharply in September, with the headline indicator falling to a 22-month low due to a slowdown in underlying price pressures
Cost of construction index falls to 30-month low
Construction input price index, a measure of the change in the cost of materials and services used in construction, grew 1.9% in the year to July 2023, down from an increase of 2.7 per cent in June 2023
Inflation eases to 18-month low
The consumer price index climbed 3.5 per cent compared to a year earlier, a slight step down from the 3.9 per cent annual growth registered in May and marking the tenth consecutive slowdown
Bank of Uganda lowers policy rate amid growth concerns
Central bank cites economic indicators as it reduces policy rate to 9.5 per cent for stimulus
Inflation soars in March on rise in prices of household goods and fuel
Rising prices for household goods and services, clothing and footwear, and fuel saw inflation in March rise to the highest rate since July 2018, highlighting the impact of the ongoing war in Ukraine on global supply chains
Inflationary pressures persist as business activity hits 9-month high in February
Private sector activity expanded in February, accelerating the most in nine months after the phased removal of pandemic restrictions, but a rise in input and labour costs saw companies raise output prices yet again
Consumer prices rise at fastest pace in 20 months
Uganda consumer price prices jumped in February at the fastest pace in 20 months as economic activity picked up following the lifting of almost all pandemic measures and the reopening of the hospitality and education sectors
Inflation slows in January as transport costs drop
Declines in transport costs, resulting from the relaxation of Covid-19 lockdown measures, and the prices of alcohol, tobacco, and narcotics led to a fall in Uganda's inflation in January
