Uruguay: Inflation broadly stable in December
January 4, 2019
Consumer prices fell 0.4% from a month earlier in December, swinging from November’s 0.4% month-on-month rise. According to data released by the Statistical Institute, December’s reading was driven by lower health and living costs, which more than offset an increase in food and beverage prices.
Inflation remained largely stable, inching down to 8.0% in December (November: 8.1%) and remaining above the Central Bank’s 3.0%–7.0% target. Meanwhile, annual average inflation ticked up to 7.6% in the same month, from 7.5% in November, marking an 18-month high.
Author: Almanas Stanapedis, Research Team Manager