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Uruguay Inflation October 2020

Uruguay: Inflation falls to seven-month low in October

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%).

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