Uruguay: Inflation drops to more than six-year low in April
May 4, 2017
In April, consumer prices in Uruguay grew 0.2% from the previous month, down from March’s 0.7% rise. The result undershot expectations from the Central Bank’s survey of a 0.5% monthly increase and was mainly driven by higher prices for restaurants and hotels and clothing and footwear, according to the Statistical Institute.
Inflation in April came in at 6.5%, down from 6.7% in March, marking the lowest result since September 2010 and staying within the Central Bank’s target range of 3.0%–7.0% for the second month in a row. Annual average inflation in April edged down to a 17-month low of 8.6% from March’s 8.9%.