Uruguay Inflation December 2018


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.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 7.5%, which is unchanged from last month’s projection. For end-2020, panelists see inflation moderating to 6.8%.

Author:, Research Team Manager

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