Uruguay: Inflation ticks up in November
December 4, 2015
In November, consumer prices rose 0.4% over the previous month, which came in below the 0.6% rise tallied in October. According to the Statistical Institute, November’s increase mainly resulted from higher prices in the recreation and culture component of the index.
Inflation ticked up from 9.2% in October to 9.5% in November. As a result, inflation remained well above the Central Bank’s target range of 3.0%–7.0%. Annual average inflation inched up from 8.5% in October to 8.6% in November, which marked the highest reading in nine months.
Author: Robert Hill, Economist