Uruguay: Inflation rises March
April 4, 2019
Consumer prices rose 0.6% from a month earlier in March, moderating from February’s 1.0% month-on-month increase. A breakdown of the sub-components provided by the Statistical Institute showed that 11 out of 12 saw an increase in prices, led by miscellaneous goods and services, education and transport.
Meanwhile, inflation increased from 7.5% in February to 7.8% in March, marking the highest reading so far this year. As a result, it moved further above the Central Bank’s 3.0%–7.0% target range. Lastly, annual average inflation rose to a near two-year high of 7.8% in March, from 7.7% in the previous month.
Author: Almanas Stanapedis, Economist