Uruguay: Inflation falls to a five-month low in June
July 4, 2019
Consumer prices rose 0.6% from a month earlier in June, up slightly from May’s 0.4% increase. A breakdown of the sub-components provided by the Statistical Institute showed that 9 out of 12 saw an increase in prices, led by higher prices for food and non-alcoholic beverages, miscellaneous goods and services, and restaurants and hotels.
Meanwhile, inflation fell from 7.7% in May to 7.4% in June, marking the lowest reading since January. As a result, it edged closer to the Central Bank’s 3.0%–7.0% target range. Lastly, annual average inflation ticked down from a two-year high of 8.0% in May to 7.9%.
Author: Almanas Stanapedis, Economist