Uruguay Inflation


Inflation slows in March

In March, consumer prices increased 0.66% over the previous month, which was down from the 0.99% rise seen in February but slightly above market expectations that had prices rising 0.60%. The reading was largely driven by an increase in food and non-alcoholic beverages.

Annual headline inflation fell from 8.9% in February to 8.5% in March, which is well above the Central Bank's target range of 4.0%-6.0%.

FocusEconomics Consensus Forecast participants expect inflation to moderate to 7.9% by the end of the year, which is up 0.1 percentage points from last month's projection. For 2014, panellists anticipate that inflation will increase to 7.2% by year-end.


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Uruguay Inflation Chart

Uruguay Inflation March 2013

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

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