Development of inflation rates in Uganda
The inflation rate for consumer prices in Uganda moved over the past 38 years between -0.3% and 200.0%. For 2019, an inflation rate of 2.9% was calculated.
During the observation period from 1981 to 2019, the average inflation rate was 33.7%
per year. Overall, the price increase was 673,800.38 %. An item that cost 100 Schilling in 1981 was so charged 673,900.38 Schilling in the beginning of 2020.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Uganda