Uruguay: Inflation accelerates in July
August 2, 2013
In July, consumer prices increased 0.77% over the previous month. This figure is above the 0.43% rise seen in June, but below market expectations of a 0.90% increase. The reading was largely driven by higher prices for health care as well as for food and non-alcoholic beverages.
Meanwhile, annual inflation jumped from 8.2% in June to 8.8% in July, and remains well above the Central Bank's target range of 4.0%-6.0%.
FocusEconomics Consensus Forecast participants expect inflation to moderate to 8.0% 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 fall to 7.2% by year-end.