Uruguay Inflation August 2022


Uruguay: Inflation moderates in August

September 5, 2022

Consumer prices increased 0.83% over the previous month in August, picking up from July's 0.77% increase. August's uptick marked the highest reading since March. Looking at the details of the release, rising prices for clothing and footwear rebounded, while prices for health accelerated.

Inflation came in at 9.5% in August, down from July’s 9.6%. Meanwhile, the trend pointed up, with annual average inflation ticking up to 8.7% in August (July: 8.6%).

FocusEconomics analysts see inflation ending 2022 at 8.8%, which is unchanged from the previous month’s forecast. In 2023, our panel sees inflation ending the year at 7.1%.


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Uruguay Inflation Chart

Uruguay Inflation August 2022 0

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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