Uruguay: Inflation falls to seven-month low in October
November 5, 2020
Consumer prices rose 0.58% in October over the previous month, a smaller increase than the 0.64% rise recorded in September. The reading was driven by moderating price pressures for food and non-alcoholic beverages and housing. In addition, prices for transportation goods fell from the previous month.
Inflation dropped to 9.7% in October, from September’s 9.9%, marking the weakest inflation rate since March. Meanwhile, annual average inflation rose to 9.6% in October (September:9.5%).
Author: Hanna Andersson, Economist