Uruguay: Inflation edges higher in February
March 3, 2016
In January, consumer prices increased 1.6% over the previous month, down from the 2.5% increase tallied in January. According to the Statistical Institute, the slowdown was the result a large decrease in the price of housing.
Inflation ticked up from 9.7% in January to 10.2% in February, the highest figure since January 2004. As a result, inflation remained well above the Central Bank’s target range of 3.0%–7.0%. Annual average inflation edged up from 8.8% in January to 9.0% in February, which marked the highest reading in 18 months.
Author: Robert Hill, Economist