Uruguay Inflation March 2022

Uruguay

Uruguay: Inflation continues to rise in March

April 5, 2022

Consumer prices rose 1.11% over the previous month in March, weaker than February's 1.47% jump. March’s softer increase was primarily driven by a weaker increase in prices for food, health and shelter.

Inflation came in at 9.4% in March, which was stronger than February’s 8.9% reading. Moreover, annual average inflation increased to 7.8% in March, from 7.7% in February.

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2022 at 6.9%, which is down 0.1 percentage points from last month’s forecast, and 2023 at 6.5%.


Author:, Economist

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Uruguay Inflation March 2022

Note: Annual and monthly variation of consumer price index in %. Expectations of monthly variations of consumer price index in %.
Source: National Statistics Institute (INE) and Uruguay Central Bank (BCU).


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