Uruguay: Inflation rises in September
October 2, 2012
In September, consumer prices rose 1.21% over the previous month, which was above the 0.93% increase seen in August. The reading was driven by a pick-up in prices for food products and healthcare as well as for housing. As a result of the monthly increase, annual headline inflation picked up from 7.9% in August to 8.6% in September. 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