Uruguay: Inflation in August jumps to highest level in over a-year-and-a-half
September 3, 2015
In August, consumer prices rose 1.18% over the previous month, which came in marginally below the 1.21% rise tallied in July. According to the Statistical Institute, August’s increase mainly resulted from higher prices for food, non-alcoholic beverages and transport.
Inflation rose from 9.0% in July to 9.5% in August and now stands at its highest level since March 2014. Annual average inflation inched up from July’s 8.2% to 8.3% in August. As a result, inflation moved further above the Central Bank’s target range 3.0%–7.0%.