Uruguay: Inflation inches up in June
July 3, 2013
In June, consumer prices increased 0.43% over the previous month, which was above the 0.32% rise seen in May but below market expectations of a 0.53% rise. The reading was largely driven by higher prices for transport as well as recreation and culture.
Meanwhile, annual inflation inched up from 8.1% in May to 8.2% in June, which is well above the Central Bank's target range of 4.0%-6.0%.
FocusEconomics Consensus Forecast participants expect inflation to moderate to 8.0% by the end of the year, which is up 0.1 percentage points from last month's projection. For 2014, panellists anticipate that inflation will fall to 7.2% by year-end.