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.
Author: Almanas Stanapedis, Research Team Manager