Uruguay Inflation March 2019

Uruguay

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.

FocusEconomics panelists expect inflation to close 2019 at 7.4%, which is unchanged from last month’s projection. For 2020, panelists see inflation moderating and ending the year at 6.9%.


Author:, Economist

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Uruguay Inflation March 2019

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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