Uruguay Inflation June 2022

Uruguay

Uruguay: Inflation falls to lowest level since February in June

July 5, 2022

Consumer prices rose 0.59% over the previous month in June, picking up from the 0.46% rise logged in May. The figure was primarily driven by brisker increases in prices for food and non-alcoholic beverages.

Inflation came in at 9.3% in June, which was marginally down from May’s 9.4%. June's reading marked the weakest inflation rate since February. Still, the trend pointed up slightly, with annual average inflation coming in at 8.4% in June (May: 8.2%).

FocusEconomics analysts see inflation ending 2022 at 8.6%, which is up 0.1 percentage points from the previous month’s forecast. In 2023, our panel sees inflation ending the year at 7.0%.


Author:, Economist

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Uruguay Inflation June 2022

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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