Inflation in Uganda
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
|Inflation Rate (CPI, annual variation in %, eop)||2.1||8.4||5.7||3.3||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Uganda Inflation (eop) Chart
Source: Uganda Bureau of Statistics
|Bond Yield||15.75||1.02 %||Dec 31|
|Exchange Rate||3,670||0.17 %||Dec 31|
|Stock Market||0.3||0.0 %||Jan 07|
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