Uruguay Inflation

Uruguay

Uruguay: Inflation moderates in September

October 6, 2015

In September, consumer prices rose 0.69% over the previous month, which came in below the 1.18% rise tallied in August. According to the Statistical Institute, September’s increase mainly resulted from higher prices for food, non-alcoholic beverages and transport.

Inflation fell from August’s 9.5%, which had marked the highest level since March 2014, to 9.1% in September. As a result, inflation remained well above the Central Bank’s target range 3.0%–7.0%. Annual average inflation inched up from August’s 8.3% to 8.4% in September.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to close 2015 at 8.7%, which is unchanged from last month’s projection. For 2016, panelists see inflation easing to 8.1%.


Author: Teresa Kersting, Economist

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Uruguay Inflation September 2015

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


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