Inflation

Economy

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
The Bank of Uganda Coat of Arms at the Bank of Uganda HQ in Kampala, Uganda
Economy

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
Assorted grains and pulses in a market
Economy

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
Apartment complexes in Nalya, a suburb in Kampala, Uganda's capital
Economy

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
Statistics House, which houses the Uganda Bureau of Statistics in Kampala
Economy

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
The Bank of Uganda in Kampala
Economy

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
A supermarket aisle of fast-moving consumer goods
Economy

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
A retail shopping centre in downtown Kampala, Uganda
Economy

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
Taxi park in Kampala
Economy

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
Shops in Kampala's Old Taxi Park.
Economy

Consumer prices rise at fastest pace in eight months

Uganda's inflation rose to an eight-month high in November, largely due to price increases for food crops and the operation of personal transport equipment
Market vendors in Uganda wearing masks to protect against Covid-19 coronavirus
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