Uruguay: Inflation falls to lowest level since January in May
Latest reading: Inflation fell to 5.1% in May from April’s 5.4%, marking the weakest result since January. The softer rise was primarily due to a milder increase in prices for food and non-alcoholic beverages. In addition, cost pressures for clothing and footwear fell at a sharper rate, and prices for transportation grew at a more subdued pace.
That said, the trend pointed slightly up, with annual average inflation rising to 5.3% in May (April: 5.2%).
Finally, consumer prices increased 0.11% from the previous month in May, slowing down from April’s 0.32% increase. May’s result marked the weakest reading since July 2024.