In the fiscal year 2024/2025, Uganda’s inflation rate was recorded at 3.5%, remaining below the central bank’s target of 5%. This stability was largely due to favorable food supply conditions and the easing of global energy prices. The Bank of Uganda’s prudent monetary policies have also contributed to maintaining price stability.
The central bank’s measures, including maintaining an accommodative interest rate environment, have supported economic activity while keeping inflation in check. Exchange rate stability has further bolstered the country’s economic resilience.
Looking ahead, the central bank projects that inflation will remain within the target range, barring any unforeseen external shocks. Continued vigilance in monetary policy and timely interventions will be essential to sustaining this favorable inflation trajectory.
