Uruguay: Inflation ticks up in July
August 5, 2019
Consumer prices rose 0.8% from a month earlier in July, accelerating mildly from June’s 0.6% increase. A breakdown of the sub-components provided by the Statistical Institute showed that the reading largely reflected higher prices for food and non-alcoholic beverages, health, and restaurants and hotels, which more than offset lower prices for clothing and footwear.
Meanwhile, inflation inched up to 7.5% in July from 7.4% in June, moving further above the Central Bank’s 3.0%–7.0% target range. Annual average inflation ticked down from 7.9% in June to 7.8% in July, however.
Author: Almanas Stanapedis, Economist