Uganda’s consumer price inflation accelerated slightly in July 2026, with the year-over-year Consumer Price Index (CPI) rising to 4.0%, up from 3.7% in June 2026. The latest data, updated on 31 July 2026, indicate a modest pickup in price pressures compared with the same month a year earlier.
The July reading is based on a year-over-year comparison, measuring how prices in July 2026 changed relative to July 2025. Similarly, the June figure of 3.7% reflected the annual change from June 2025. The uptick suggests that inflationary momentum has increased marginally between June and July, but remains contained within a relatively moderate range.
While the data do not specify the drivers behind the move, the shift from 3.7% to 4.0% year-over-year will be closely watched by market participants and policymakers as they assess the trajectory of consumer prices in the second half of 2026.