Uruguay: Inflation moderates in May
June 5, 2019
Consumer prices rose 0.4% from a month earlier in May, unchanged from April’s reading. A breakdown of the sub-components provided by the Statistical Institute showed that 8 out of 12 saw an increase in prices, led by higher prices for food and non-alcoholic beverages, and transport, which more than offset lower prices for household equipment and services.
Meanwhile, inflation fell from 8.2% in April to 7.7% in May. As a result, it moved closer to the Central Bank’s 3.0%–7.0% target range. Lastly, annual average inflation ticked up to a two-year high of 8.0% in May, from 7.9% in the previous month.
Author: Almanas Stanapedis, Economist