Inflation Uganda 2022
Average inflation: 7.2%
Current Inflation
Inflation is very high at 7.2%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 10.7%. The lowest inflation was in January at 2.7%.
- Highest month
- October: 10.7%
- Lowest month
- January: 2.7%
- Difference
- 8.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 15.9%. The lowest price increase was in Energy with an average of 4.2%.
- Highest increase
- Core inflation: 15.9%
- Lowest increase
- Energy: 4.2%
Historical Context
Current inflation is 3.6% higher than the 5-year average of 3.6%.
- 5-year average
- 3.6%
- 10-year average
- 4.3%
- All-time high (2011)
- 16.5%
- All-time low (2021)
- 2.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +5.0 percentage point.
- Change vs. previous year
- +5.0 percentage points
- Largest monthly swing
- October: +8.8 percentage points
ECB Target
Inflation is 5.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 2.7% | +0.7 |
| February | 3.2% | +0.9 |
| March | 3.7% | +1.0 |
| April | 4.9% | +2.8 |
| May | 6.3% | +4.4 |
| June | 6.8% | +4.8 |
| July | 7.9% | +5.8 |
| August | 9.0% | +7.1 |
| September | 10.0% | +7.8 |
| October | 10.7% | +8.8 |
| November | 10.6% | +8.0 |
| December | 10.2% | +7.3 |
| Average | 7.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.