Uruguay Inflation


Inflation inches down further in June

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.

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Uruguay Inflation Chart

Uruguay Inflation June 2012

Note: Annual and monthly variation of consumer price index in %.
Source: National Statistical Institute (INE).

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