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Uruguay Inflation November 2022

Uruguay: Inflation decreases in November

Inflation decreased to 8.5% in November from Octobers 9.0%. Novembers reading marked the lowest inflation rate since January. The slowdown was chiefly driven by a softer rise in prices for food and non-alcoholic beverages and transportation.

That said, the trend pointed up slightly, with annual average inflation coming in at 9.1% in November (October: 9.0%).

Lastly, consumer prices decreased 0.28% in November over the previous month, following Octobers 0.21% increase. Novembers result marked the lowest reading since December 2018.

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