Uruguay Inflation November 2021

Uruguay

Uruguay: Inflation remains stable in November

December 3, 2021

Consumer prices increased 0.25% over the previous month in November, below October's 1.04% rise. November's result marked the softest rise in prices since December 2020. The moderation was primarily driven by softer growth in prices for clothing, while prices for food and non-alcoholic beverages fell.

Inflation came in at 7.9% in November, which matched October’s reading. Accordingly, the trend pointed down slightly, with annual average inflation coming in at 7.9% in November (October: 8.0%).

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


Author:, Economist

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