Uruguay: Inflation ticks up in October
November 5, 2015
In October, consumer prices rose 0.60% over the previous month, which came in slightly below the 0.69% rise tallied in September. According to the Statistical Institute, October’s increase mainly resulted from higher prices for clothing and footwear, as well as for healthcare and transport.
Inflation ticked up from 9.1% in September to 9.2% in October. As a result, inflation remained well above the Central Bank’s target range of 3.0%–7.0%. Annual average inflation inched up from 8.4% in September to 8.5% in October, which marked the highest reading in eight months.