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Uruguay Inflation October 2023

Uruguay: Inflation increases in October

Inflation came in at 4.3% in October, which was up from September’s 3.9% but well within the Central Bank’s 3.0–6.0% target range. The reading was largely due to increasing price pressures for food and non-alcoholic beverages and housing, and a smaller fall in transport prices.

Annual average inflation fell to 6.4% in October (September: 6.8%).

Lastly, consumer prices increased 0.63% over the previous month in October, broadly unchanged from the 0.61% increase logged in September. October’s figure was the highest reading since April.

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