Uruguay: Inflation rebounds modestly in August
September 5, 2017
In August, consumer prices grew 0.8% from the previous month, up from July’s 0.3% rise. According to the National Statistics Institute, the rise was driven by higher prices for food and non-alcoholic beverages, healthcare and furniture.
Inflation in August increased for first time in seven months and came in at 5.5%, up from 5.2% in July. Therefore inflation remained within the Central Bank’s target range of 3.0-7.0%. Annual average inflation fell from July’s 7.3% to 6.9% in August–the lowest result in over six years.