Uruguay Inflation

Uruguay

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.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to close 2015 at 9.1%, which is up 0.1 percentage points from last month’s projection. For 2016, panelists see inflation easing to 8.6%, which is up 0.2 percentage points from last month’s forecast.


Author:, Economist

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Uruguay Inflation November 2015

Note: Annual and monthly variation of consumer price index in %. Expectations of monthly variations of consumer price index in %.
Source: National Statistical Institute (INE) and Uruguay Central Bank (BCU).


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