Uruguay: Inflation rises again in April
May 3, 2019
Consumer prices rose 0.4% from a month earlier in April, moderating from the 0.6% month-on-month increase recorded in March. A breakdown of the sub-components provided by the Statistical Institute showed that 8 out of 12 saw an increase in prices, led by higher prices for furnishings, household equipment and services, and transport, which more than offset lower prices for food and non-alcoholic beverages.
Meanwhile, inflation increased from 7.8% in March to 8.2% in April, marking the highest reading since September 2018. As a result, it moved further above the Central Bank’s 3.0%–7.0% target range. Lastly, annual average inflation ticked up to a near two-year high of 7.9% in April, from 7.8% in the previous month.
Author: Almanas Stanapedis, Economist