In June, consumer prices rose 0.30% over the previous month, which was down from the 0.39% increase seen in May. The reading was driven by a pick-up in prices for transport as well as for recreation and culture, which more than compensated a strong drop in food and non-alcoholic beverages. As a result of the more moderate monthly increase, annual headline inflation inched down from 8.1% in May to 8.0% in June. At the current level, inflation sits largely above the 1.0 percentage point tolerance margin around the Central Bank's target of 5.5% set by monetary authorities for this year.
Inflation inches down further in June
June 3, 2012
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Uruguay Inflation Chart
Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute (INE).
Uruguay Economic News
October 13, 2016
In August, industrial production grew 2.0% from the same month last year, which contrasted the 5.4% drop recorded in July and marked the best result in six months.
October 6, 2016
In September, consumer prices increased 0.3% over the previous month, down from August’s 0.6% rise.
September 21, 2016
Uruguay’s economy expanded 1.4% year-on-year in Q2 2016, which represented an acceleration over Q1’s revised 0.1% growth (previously reported: -0.5% year-on-year).
September 12, 2016
In July, industrial production contracted 5.4% over the same month last year, which was sharper than the 3.4% decrease in June and represented the fourth consecutive contraction in Uruguay’s industrial output.
September 5, 2016
In August, consumer prices increased 0.6% over the previous month, up from July’s 0.4% rise.