Uganda Inflation Hits 5.8% on Weak Shilling
Uganda's annual inflation jumped to 5.8% in October 2026 from 4.6% in September, as food prices and a weaker shilling pushed costs up, official data show. The post Uganda Inflation Hits 5.8% on Weak Shilling appeared first on The Rio Times .
Uganda's annual inflation surged to 5.8% in October 2026, up from 4.6% in September, marking the fastest increase since June 2023. The Uganda Bureau of Statistics revealed that food-crop prices had climbed by 10.7% over the year, while core inflation rose to 4.4% from 3.7%. Despite still being below the central bank's target of 5%, the rapid rise in prices threatens Uganda's economic stability.
The Bank of Uganda attributed the inflation surge to currency depreciation and higher fuel prices, prompting a 2.25 percentage point rate hike to 12.0% during a special meeting. The bank now forecasts headline inflation to average 7.0% to 7.5% over the next year, emphasizing that inflation poses a significant threat compared to previous assessments.
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