Uruguay: Inflation drops to near one-year low in January
February 4, 2021
Consumer prices rose 1.60% from the previous month in January, swinging from December's 0.19% drop and marking the sharpest increase in prices since April 2020. The rebound was driven by rising prices for food and non-alcoholic beverages as well as for housing.
Meanwhile, inflation fell to 8.9% in January, from December’s 9.4%. January's result marked the lowest inflation rate since February 2020. Annual average inflation was unchanged at December's 9.8% in January.
Author: Hanna Andersson, Economist