Uruguay: Inflation continues to slow down
May 3, 2013
In April, consumer prices increased 0.45% over the previous month, which was down from the 0.66% rise seen in March but slightly above market expectations that had prices rising 0.40%. The reading was largely driven by higher prices for food and non-alcoholic beverages.
Annual headline inflation fell from 8.5% in March to 8.1% in April, 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 fall to 7.2% by year-end.