Uruguay Inflation September 2017


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.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to close 2017 at 6.5%, which is down 0.2 percentage points from last month’s projection. For 2018, panelists see inflation increasing to 7.2%, which is also down 0.2 percentage points from last month’s forecast.

Author:, Economist

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Uruguay Inflation Chart

Uruguay Inflation September 2017

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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