Inflation

Economy

Construction costs slowed in December

Construction costs rose at the slowest pace in four months in December as prices for inputs used in building construction and building completion and finishing fell
A multi-storied building under construction
Economy

BoU keeps rates on hold, raises inflation forecast

Bank of Uganda said that economic activity continues to strengthen, although the weakening shilling could lead to a modest increase in inflationary pressures
Bank of Uganda's headquarters in Kampala
Economy

Consumer prices jump, closing door on interest rate cuts

Consumer prices rose in January on higher transport and other service costs, pushing up the core inflation gauge preferred by policymakers
Statistics House in Kampala, headquarters of the Uganda Bureau of Statistics
Economy

Kampala metro house prices see biggest rise since 2021

In the last quarter of 2023, house prices in the Greater Kampala Metropolitan Area experienced their largest increase since Q2 2021
Blocks of flats in Bukasa, Makindye Division, Kampala
Economy

Inflation flat in December, but core rate up for first time since February

Inflation was flat in December, although core prices, which are more closely monitored by policymakers, accelerated for the first time since February
A passenger bus terminal in the centre of Kampala. The terminal accommodates buses that carry passengers on long journeys, mostly to western Uganda. It is one of several bus terminals, with most terminals attracting buses travelling to a particular region.
Economy

Bank of Uganda maintains policy rate at 9.5%

Central bank kept its key policy rate unchanged, as well as the rediscount rate and the bank rate
Bank of Uganda's headquarters in Kampala
Economy

Construction cost inflation rises to 2.2% in October

Construction inflation rose for the second consecutive month in October, driven by the price of inputs for specialised construction activities
A multi-storied building under construction
Economy

Inflation edges up for first time since February

Inflation rose for the first time in ten months in November, driven by an increase in services prices, although the closely watched core consumer prices indicator was unchanged
Kampala road in Kampala on a busy day
Economy

Construction input prices growth picks up in September

Prices for construction inputs picked up in September after rising at the slowest pace in 32 months in August
Two men shovelling gravel on a construction site
Economy

Consumer inflation slows to lowest level in two years

Consumer prices down for ninth month in a row despite sharp rise in energy prices
The general grocery section of a supermarket
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