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Uruguay Inflation April 2023

Uruguay: Inflation increases in April

Inflation inched up to 7.6% in April from March’s 7.3%. Looking at the details of the release, prices for food and non-alcoholic beverages and for clothing and footwear rose at a faster pace in April. That said, prices for housing and utilities increased at a softer rate, while prices for transportation dropped.

The trend pointed down mildly, with annual average inflation coming in at 8.6% in April (March: 8.8%).

Finally, consumer prices rose 0.75% from the previous month in April, slowing down from the 0.90% rise logged in March. April’s result marked the weakest reading since December 2022.

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