Inflation

Economy

Inflation falls to 3.5% in August

Uganda's inflation fell sharply to a four-month low of 3.5 per cent in August, the first decline in as many months and faster than expected as service prices slowed
Ecobus Coaches from Kampala to Juba depart from the Namayiba Bus Park
Economy

Bank of Uganda’s Monetary Policy Statement for August 2024 — Full text

The central bank's Monetary Policy Committee voted to reduce its benchmark interest rate by 25 basis points
The head office of the Bank of Uganda in Kampala
Economy

BoU cuts rates, lowers inflation forecast

The Bank of Uganda cut its benchmark interest rate, the first easing since March when borrowing costs were raised in response to the sharp depreciation of the shilling
The Bank of Uganda's headquarters in Kampala
CompaniesEconomy

Business activity edges higher in July

Uganda's private sector grew at a faster pace in July as output and new orders picked up for the fourth month running, according to a closely watched business survey
An overhead view of Kikuubo, Kampala's busiest market
Economy

Inflation rate accelerates as underlying price pressures mount

Consumer prices accelerated for the third consecutive month in July, largely due to an in increase in the price of services, the statistics bureau said Wednesday
Kampala road in Kampala on a busy day
Economy

Rising core inflation highlights persistent price pressures

Core inflation rose last month, bolstering the central bank's recent contractionary policy in the face of what it says are strong inflationary pressures
An agricultural market in downtown Kampala
Economy

Bank of Uganda raises rates to highest levels in nearly 7 years, nods to strong inflation pressures

The Bank of Uganda raised interest rates for the second time in as many months on Monday, citing the risk of increased inflationary pressures due to a weak shilling
The Bank of Uganda's headquarters in Kampala
Economy

Bank of Uganda’s Monetary Policy Statement for March 2024 — Full text

On 6 March 2024, a special meeting of the Bank of Uganda's Monetary Policy Committee increased the Central Bank Rate to 10 per cent
Michael Atingi-Ego, Bank of Uganda deputy governor, at a meeting at the bank's Kampala headquarters, February 2024.
Economy

Interest rates raised by 0.5% to stem shilling’s slide

The Central bank raised its key interest rate at an emergency meeting to stem a “sharp depreciation” of the shilling caused by offshore investor outflows and in the wake of resurgent inflation
The Bank of Uganda's headquarters in Kampala
Economy

Consumer prices grow at fastest pace in six months

A surge in services prices, driven by increases in education and restaurant and accommodation services, pushed inflation to its fastest pace in six months in February
Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics
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