Uruguay: Inflation holds steady in July
August 4, 2021
Consumer prices rose 0.52% from the previous month in July, moderating from June's 0.67% increase. Looking at the details of the release, the result was driven by moderating price pressures for food and non-alcoholic beverages and easing price pressures for housing. In addition, prices for transportation grew at a more subdued pace.
Inflation came in at 7.3% in July, unchanged from June’s result. Meanwhile, the trend pointed down, with annual average inflation felling to 8.5% in July (June: 8.8%).
Author: Marta Casanovas , Junior Economist