Uruguay Inflation March 2021


Uruguay: Inflation falls to lowest level in over a year in March

April 5, 2021

Consumer prices rose 0.62% over the previous month in March, slowing down from February's 0.82% increase. Looking at the details of the release, the reading largely reflected higher prices for food and non-alcoholic beverages.

Inflation fell to 8.3%in March, following February’s 9.1% and marking the lowest inflation rate since February 2020. Annual average inflation was unchanged at February's 9.8% in March.

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2021 at 7.3%, which is down 0.1 percentage points from last month’s forecast, and 2022 at 6.8%.

Author:, Economist

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Uruguay Inflation Chart

Uruguay Inflation March 2021

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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