Uruguay Inflation February 2019


Uruguay: Inflation ticks up in February

March 4, 2019

Consumer prices rose 1.0% from a month earlier in February, moderating from January’s 2.2% month-on-month increase. A breakdown of the sub-components provided by the Statistical Institute showed that 9 out of 12 saw an increase in prices, led by food and non-alcoholic beverages, and education.

Meanwhile, inflation ticked up from an eight-month low of 7.4% in January to 7.5% in February. As a result, it remained above the Central Bank’s 3.0%–7.0% target. Lastly, annual average inflation remained stable at the previous month’s 7.7% in February.

FocusEconomics panelists expect inflation to close 2019 at 7.5%, which is unchanged from last month’s projection. For 2020, panelists see inflation moderating and ending the year at 7.0%.

Author:, Research Team Manager

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