Uruguay: Inflation drops to lowest level since July 2021 in March
Inflation came in at 7.3% in March, down from February’s 7.6%. March’s figure marked the weakest inflation rate since July 2021.
The moderation was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, clothing and footwear, and housing. Moreover, prices for transportation grew at a more subdued pace.
Annual average inflation ticked down to 8.8% in March (February: 9.0%).
Lastly, consumer prices increased 0.90% over the previous month in March, which was below the 1.00% increase logged in February.