Uruguay: Inflation drops to lowest level since October 2023 in February
Inflation came in at 4.7% in February, which was down from January’s 5.1%. February’s result marked the weakest inflation rate since October 2023. The moderation was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, clothing and footwear, and housing.
Annual average inflation fell to 5.4% in February (January: 5.6%).
Finally, consumer prices rose 0.64% in February over the previous month, moderating from the 1.53% rise logged in January.