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%).
Author: Hanna Andersson, Economist