Uruguay Inflation June 2021

Uruguay

Uruguay: Inflation increases in June

July 5, 2021

Consumer prices increased 0.67% from the previous month in June, accelerating from May's 0.46% increase. June's uptick was the sharpest rise in prices since February. Looking at the details of the release, housing prices increased at a stronger pace in June. Meanwhile, prices for food and non-alcoholic beverages rose at a slower rate.

Inflation came in at 7.3% in June, which was up from May’s 6.6%. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 8.8% in June (May: 9.0%).

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2021 at 7.2%, which is unchanged from last month’s forecast, and 2022 at 6.7%.


Author:, Economist

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Uruguay Inflation June 2021

Note: Annual and monthly variation of consumer price index in %. Expectations of monthly variations of consumer price index in %.
Source: National Statistics Institute (INE) and Uruguay Central Bank (BCU).


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