Uganda: inflation drops to 3.7% in November 2020

Headline inflation fell to 3.7% in November 2020 in Uganda, according to data from Bank of Uganda (BoU), the central bank. It had stood at 4.5% the previous month.

Core inflation also fell to 5.8% from 6.3% in October, according to the central bank, due to lower prices in services to 11.1%, mainly due to transport tariffs revised downwards. Other inflationary factors also fell in November, according to the Kampala-based issuing institute.

The Ugandan authorities’s inflation outlook points to a rate between 5 and 6.5% in 2020, before converging towards its medium-term target of 5%.


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