Uruguay: Inflation rises again in October
November 1, 2012
In October, consumer prices rose 1.15% over the previous month, which was virtually in line with the 1.21% increase seen in September. The reading was driven by a pick-up in the prices for housing and food products. As a result of the monthly increase, annual headline inflation increased from 8.6% in September to 9.1% in October. Consequently, inflation remains well above the 1.0 percentage point tolerance margin around the Central Bank's target of 5.5% set by monetary authorities for this year.
Author: Armando Ciccarelli, Head of Data Solutions