Uruguay Inflation August 2020

Uruguay

Uruguay: Inflation falls to five-month low in August

September 3, 2020

Consumer prices rose 0.57% over the previous month in August, picking up from July's 0.55% increase. The acceleration was largely broad-based, with greater price pressures recorded for food and non-alcoholic beverages, housing, and healthcare.

Inflation edged down to 9.8% in August, from July’s 10.1%, marking the lowest reading since March. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 9.3% in August (July: 9.1%).

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2020 at 9.4%, which is unchanged from last month’s forecast, and 2021 at 7.4%.


Author:, Economist

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Uruguay Inflation August 20 20

Note: Annual and monthly variation of consumer price index in %. Expectations of monthly variations of consumer price index in %.
Source: National Statistics Institute (INE) and Uruguay Central Bank (BCU).


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