Uruguay Inflation July 2020

Uruguay

Uruguay: Inflation drops in July

August 5, 2020

Consumer prices increased 0.55% from the previous month in July, accelerating from June's 0.02% increase. Looking at the details of the release, food and housing prices rose at a quicker pace in July compared to the previous month. Prices for transportation goods also gained steam.

Inflation dropped to 10.1% in July, from June’s 10.4%. Meanwhile, annual average inflation rose to 9.1% in July (June: 8.9%).

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2020 at 9.6%, which is unchanged from last month’s forecast, and 2021 at 7.4%.


Author:, Economist

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Uruguay Inflation July 20 20

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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