Uruguay Inflation September 2016


Uruguay: Inflation recedes to 15-month low in September

October 6, 2016

In September, consumer prices increased 0.3% over the previous month, down from August’s 0.6% rise. September’s print marked a nine-month low and undershot the 0.6% price increase expected in the Central Bank’s monthly survey. September’s result was mainly driven by higher prices in restaurants and hotels and for clothes and healthcare, according to the Statistical Institute.

Inflation moderated for a fourth consecutive month to a 15-month low of 8.9% in September (August: 9.4%). Inflation has been falling since hitting an over 12-year high in May and yet in September it still remained well above the Central Bank’s target range of 3.0%–7.0%. Annual average inflation inched down from August’s 10.0% to 9.9% in September, the lowest reading in three months.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to close 2016 at 9.9%, which is unchanged from last month’s projection. For 2017, panelists see inflation easing to 9.3%.

Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Inflation in Uruguay? Download a sample report now.


Uruguay Inflation Chart

Uruguay Inflation September 2016

Note: Annual and monthly variation of consumer price index in %. Expectations of monthly variations of consumer price index in %.
Source: National Statistical Institute (INE) and Uruguay Central Bank (BCU).

Uruguay Economic News

More news

Search form