Inflation Cool-Down to 3.1% in November 2023

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Inflation Cool-Down to 3.1% in November 2023
Inflation Cool-Down to 3.1% in November 2023

Africa-Press – Uganda. The Uganda Bureau of Statistics (UBOS) has released fresh Consumer Price Index figures showing that inflation continued to soften in November 2025 despite persistent global and domestic economic pressures.

The annual inflation rate for the 12 months ending November stands at 3.1%, down from 3.4% in October.

UBOS Principal Statistician Juliet Nakayenga said the latest decline points to a gradual stabilisation of prices, offering relief to consumers who have grappled with rising living costs throughout the year.

Uganda’s economy, still navigating volatile fuel markets and supply chain disruptions, registered what UBOS described as a “gentle descent” in price pressures. The slowdown reflects modest reductions in general price levels captured within key CPI categories.

High-income areas of Kampala recorded the country’s highest inflation rate at 4.4%, signalling continued cost-of-living pressures in affluent neighbourhoods.

Masaka followed at 4.2%, while Mbale registered the lowest inflation rate at 0.7%, marking a significantly softer rise in consumer prices in the east.

Several food categories showed sharp declines. Maize prices fell from 13.2% in October to 7.8% in November, while the inflation rate for matooke dropped from 14.6% to 8.1% over the same period.

In the Energy, Fuel and Utilities basket, petrol inflation slid further into negative territory, from -2.0% in October to -4.0% in November.

UBOS said these shifts indicate that despite ongoing external shocks, the economy is slowly regaining balance.

For households, the easing inflation offers a measure of financial relief, while for policymakers it provides room to consolidate economic stability without undermining growth prospects.

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