FX.co ★ Uganda’s Inflation Inches Up to 3.2% in January, Extending Mild Price Pressures

Uganda’s consumer price inflation edged slightly higher at the start of 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.2% in January, up from 3.1% in December 2025. The latest data, updated on 30 January 2026, indicate a modest acceleration in price growth but still point to a relatively contained inflation environment.

The January reading compares price levels to those of January a year earlier, while December’s figure reflected a similar year-over-year comparison. The small uptick suggests that underlying price pressures are building only gradually, a development that will be closely watched by policymakers and investors assessing the outlook for interest rates, consumer spending, and broader economic stability in Uganda.