Uruguay Inflation April 2021

Uruguay

Uruguay: Inflation plunges to three-year low in April

May 5, 2021

Consumer prices increased 0.50% in April over the previous month, moderating from March's 0.62% rise. Looking at the details of the release, price pressures for housing eased somewhat in April, while prices for food and non-alcoholic beverages were largely stable.

Inflation eased to 6.8% in April below March’s 8.3%. April's figure represented the weakest inflation rate since April 2018. In addition, the trend pointed down, with annual average inflation coming in at 9.4% in April (March: 9.8%).

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2021 at 7.2%, which is down 0.1 percentage points from last month’s forecast, and 2022 at 6.7%.


Author:, Economist

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Uruguay Inflation April 2021

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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