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Uruguay Inflation February 2024

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.

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