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.