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Uruguay Inflation March 2023

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.

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