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%).
Author: Hanna Andersson, Economist