Uruguay: Inflation drops to more than six-year low in March
April 6, 2017
In March, consumer prices in Uruguay grew 0.7% from the previous month, up from February’s 0.5% rise. The result matched expectations from the Central Bank’s monthly survey and was mainly driven by higher prices for transport and food and non-alcoholic beverages, according to the Statistical Institute.
Inflation in March came in at 6.7%, down from 7.1% in February, moving into the Central Bank’s target range of 3.0%–7.0% for the first time in over six years. Annual average inflation in March inched down to a 13-month low of 8.9% from February’s 9.3%.