Uruguay Inflation September 2020

Uruguay

Uruguay: Inflation rises in September

October 5, 2020

Consumer prices increased 0.64% over the previous month in September, picking up from the 0.57% rise recorded in August and marking the sharpest increase in prices since April. The reading was largely driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for clothing and footwear and for transportation also gained steam.

Inflation ticked up to 9.9% in September, above August’s 9.8%. Annual average inflation rose to 9.5% in September (August: 9.3%).

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2020 at 9.2%, which is down 0.2 percentage points from last month’s forecast, and 2021 at 7.2%, which is also down 0.2 percentage points from last month’s estimate.


Author:, Economist

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Uruguay Inflation September 20 20

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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