Uruguay Inflation November 2021

Uruguay

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%).

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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Uruguay Inflation October 2021

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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