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Uruguay Inflation October 2022

Uruguay: Inflation decreases in October

Inflation eased to 9.0% in October from Septembers 9.9%. October’s reading marked the lowest inflation rate since February. The slowdown was largely due to a softer rise in prices for food and non-alcoholic beverages, clothing and footwear, and transportation.

That said, the trend pointed up slightly, with annual average inflation coming in at 9.0% in October (September: 8.9%).

Lastly, consumer prices rose 0.21% in October over the previous month, following September’s 0.84% increase. October’s result marked the lowest reading since December 2021.

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