Uruguay Inflation April 2019

Uruguay

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.

FocusEconomics panelists expect inflation to close 2019 at 7.5%, which is up 0.1 percentage points from last month’s projection. For 2020, panelists see inflation moderating and ending the year at 7.0%.


Author:, Economist

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Uruguay Inflation April 2019

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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