Uganda’s annual inflation held steady at 3.1% in December 2025, according to the Consumer Price Index (CPI) report released by the Uganda Bureau of Statistics (UBOS). This figure is unchanged from November, indicating a stable price environment as the year came to a close.

The December 2025 CPI report shows that headline inflation remained at 3.1%, while core inflation slightly moderated, reflecting controlled price increases in non-food goods and services. Minor rises in some food staples were recorded, but overall food inflation remained low. UBOS notes that the December data reflects a year of relative price stability, following moderate fluctuations earlier in 2025. Analysts point to controlled supply chain pressures and steady demand as factors contributing to low inflation.

Stable inflation supports predictable household budgets and provides a favorable environment for businesses, particularly small and medium enterprises that are sensitive to sudden price changes. Key commodities such as maize flour, beans, and cooking oil showed only slight increases, while transport and energy costs remained largely stable. This trend reduces financial pressure on urban and rural households alike.

While the CPI report presents national averages, minor regional differences were noted. Urban centers, including Kampala, maintained stable core prices, whereas some rural areas recorded moderate increases in food items due to seasonal supply variations. Despite these variations, overall inflationary pressures across the country remained subdued, according to UBOS.

UBOS data and economic analysts indicate that inflation in early 2026 is expected to remain within the government’s target range, provided that global commodity prices remain stable and domestic supply chains function efficiently.