Uruguay: Inflation picks up in September
October 4, 2017
In September, consumer prices grew 0.5% from the previous month, down from August’s 0.8% month-on-month rise, and matching the Central Bank’s expectations. According to the Statistical Institute, the increase was driven by higher prices for food and non-alcoholic beverages, healthcare and housing.
Following the first increase in inflation in seven months in the prior month, inflation came in at 5.8%, up from 5.5% in August. Inflation nevertheless remained within the Central Bank’s target of 3.0%–7.0%. Annual average inflation, meanwhile, fell from August’s 6.9% to 6.7% in September, the lowest level in nearly seven years.
Author: Jan Lammersen, Economist