Uruguay: Inflation rises in October
November 5, 2021
Consumer prices increased 1.04% over the previous month in October, which was higher than September's 0.46% rise. October's result marked the strongest rise in prices since January. The acceleration was primarily driven by stronger growth in prices for clothing and footwear, and food and non-alcoholic beverages.
Inflation came in at 7.9% in October, up from September’s 7.4%. Accordingly, the trend pointed down, with annual average inflation coming in at 8.0% in October (September: 8.1%).
Author: Steven Burke, Economist