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Uruguay Inflation February 2023

Uruguay: Inflation eases in February

Inflation declined to 7.6% in February from January’s 8.0%. February’s reading marked the lowest inflation rate since September 2021. The slowdown was chiefly driven by softer prices increases for food and transportation. That said, prices for housing and utilities rose at a sharper pace.

Meanwhile, the trend pointed down, with annual average inflation coming in at 9.0% in February, down from 9.1% in January.

Lastly, consumer prices rose 1.00% in February over the previous month, following January’s 1.55% increase.

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