FX.co ★ Uganda’s Annual Inflation Edges Up to 3.7% in June, Easing Further from Central Bank Target

Uganda’s consumer price inflation picked up in June 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.7%, up from 3.2% in May 2026. The data, updated on 30 June 2026, show that inflation remains relatively contained even as price pressures tick higher.

Both figures are calculated on a year-over-year basis, comparing each month with the same month a year earlier. The June reading indicates that prices in Uganda are rising slightly faster than they were in May, suggesting a modest acceleration in inflation momentum as the second half of 2026 begins.

The move higher from May’s 3.2% to June’s 3.7% will be closely watched by markets and policymakers, as they assess whether the latest uptick signals a temporary blip or the start of a more sustained trend in consumer price growth.