Inflation in Uganda

Uganda Inflation (eop) | Economic News & Forecasts

Uganda - Inflation (end of period)

The economy has started Q2 on weaker footing after likely slowing notably at the end of Q1, as Covid-19 dampens domestic activity and foreign demand. In April, business conditions in the private sector deteriorated markedly, with the PMI dropping to a record low amid falling output, new orders and purchasing activity due to lockdown measures. Weaker demand led to firms shedding jobs, which will impact private consumption in the quarter, dragging further on the economy, while the pandemic is likely also affecting exports as global demand diminishes. In addition, the locust infestation continues to weigh on the agricultural sector and poses food security issues. More positively, the government began the gradual lifting of lockdown measures from early May, while the IMF approved USD 492 million in emergency funding and the World Bank announced USD 48 million to tackle the locust infestation.

Uganda - Inflation (eop) Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %, eop)2.1  8.4  5.7  3.3  2.2  

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Uganda Inflation (eop) Chart

Uganda Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Uganda Bureau of Statistics

Uganda Facts

Value Change Date
Bond Yield15.751.02 %Dec 31
Exchange Rate3,6700.17 %Dec 31
Stock Market0.30.0 %Jan 07

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