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Uruguay Inflation September 2019

Uruguay: Inflation edges down in September

Consumer prices rose 0.5% from a month earlier in September, moderating from August’s 0.9% increase. A breakdown of the sub-components provided by the Statistical Institute showed that all 12 sub-components saw an increase in prices, led by higher prices for transport, food and non-alcoholic beverages, and health.

Meanwhile, inflation remained stable at August’s 7.6% in September. As a result, inflation remained firmly above the upper bound of the Central Bank’s 3.0%–7.0% target range. In turn, annual average inflation ticked down from 7.8% in August to 7.7% in September.

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