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Uruguay Inflation July 2023

Uruguay: Inflation drops to lowest level since November 2005 in July

Inflation came in at 4.8% in July, down from June’s 6.0%. July’s figure marked the lowest inflation rate since November 2005. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a slower rate in July. Moreover, prices for clothing and footwear dropped after growing in the previous month.

Meanwhile, annual average inflation fell to 7.8% in July (June: 8.2%).

Finally, consumer prices dropped 0.36% in July over the previous month, after the 0.46% fall logged in June.

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