Uruguay: Inflation slows in March
April 3, 2013
In March, consumer prices increased 0.66% over the previous month, which was down from the 0.99% rise seen in February but slightly above market expectations that had prices rising 0.60%. The reading was largely driven by an increase in food and non-alcoholic beverages.
Annual headline inflation fell from 8.9% in February to 8.5% in March, which is well above the Central Bank's target range of 4.0%-6.0%.
FocusEconomics Consensus Forecast participants expect inflation to moderate to 7.9% by the end of the year, which is up 0.1 percentage points from last month's projection. For 2014, panellists anticipate that inflation will increase to 7.2% by year-end.