Economy · Headline inflation · Uganda
Uganda’s headline inflation rose to 4.6% y/y in Sep 2026.
4.6% y/y
Sep 2026
Up 0.42 pp from Aug 2026.
Updated 15 Oct 2026
In plain words
4.6% y/y
What it is. Headline inflation tracks the price of a fixed basket of goods and services that households buy, with each item weighted by its share of spending. The figure compares the cost of that basket with the same month a year earlier, so a reading of 4.6% y/y describes the change in prices over twelve months. It covers consumer purchases only and gives an average across households, so a family that spends more on food or transport than the basket assumes can see a different rate. Because each reading is set against a year earlier, a sharp price move last year can pull the rate up or down even when prices are steady today.
Lower is better. Lower is better because rising prices erode what wages, savings and fixed incomes can buy. Inflation at 4.6% y/y in September 2026 is up from 4% y/y in September 2025, a rise of 0.58 percentage points over the year. Within the range since Oct 2024, the latest reading is the highest, level with the top of the window. The lowest reading in that span was 2.8% y/y in March 2026, so inflation has climbed steadily since that low.
Why it matters. At 4.6% y/y, a household in Uganda needs its income to grow by at least that much to buy the same basket as a year earlier. Wage earners and savers on fixed returns feel the squeeze first. Firms face higher costs for inputs and have to decide how much to pass on to customers. The Bank of Uganda will be watching whether the rise since March 2026 continues in the next monthly readings.
| Period | Headline inflation · Uganda |
|---|---|
| Oct 2024 | 2.9% y/y |
| Nov 2024 | 2.9% y/y |
| Dec 2024 | 3.3% y/y |
| Jan 2025 | 3.6% y/y |
| Feb 2025 | 3.7% y/y |
| Mar 2025 | 3.4% y/y |
| Apr 2025 | 3.5% y/y |
| May 2025 | 3.8% y/y |
| Jun 2025 | 3.9% y/y |
| Jul 2025 | 3.8% y/y |
| Aug 2025 | 3.8% y/y |
| Sep 2025 | 4% y/y |
| Oct 2025 | 3.4% y/y |
| Nov 2025 | 3.1% y/y |
| Dec 2025 | 3.1% y/y |
| Jan 2026 | 3.2% y/y |
| Feb 2026 | 2.9% y/y |
| Mar 2026 | 2.8% y/y |
| Apr 2026 | 3% y/y |
| May 2026 | 3.2% y/y |
| Jun 2026 | 3.7% y/y |
| Jul 2026 | 4% y/y |
| Aug 2026 | 4.1% y/y |
| Sep 2026 | 4.6% y/y |
Source: International Monetary Fund, Consumer Price Index (CPI) · Licence: IMF Terms of Use
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Strata-AF™ Data, Headline inflation, Uganda, Sep 2026; source International Monetary Fund, Consumer Price Index (CPI), retrieved 15 Oct 2026; https://data.strata-af.com/economy/inflation/uganda
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Methodology
Consumer price index, all items, change on the same month a year earlier. Unit: % y/y.
Source: International Monetary Fund, Consumer Price Index (CPI) dataset, used under the IMF Terms of Use. Published monthly; the IMF's own source notes apply.