Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
Inflation in Uruguay
In the year 2024, the inflation in Uruguay was 4.85%, compared to 8.88% in 2014 and 5.87% in 2023. It averaged 7.84% over the last decade. For more inflation information, visit our dedicated page.
Uruguay Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Uruguay from 2014 to 2024.
Source: Macrobond.
Uruguay Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 9.8 | 7.7 | 9.1 | 5.9 | 4.8 |
| Inflation (CPI, ann. var. %, eop) | 9.4 | 8.0 | 8.3 | 5.1 | 5.5 |
| Inflation (PPI, ann. var. %, aop) | 10.5 | 14.4 | 12.4 | -7.5 | 3.3 |
Inflation recedes in April
Latest reading: Inflation inched down to 5.4% in April, from March’s 5.7%. Slower price pressures for food and non-alcoholic beverages primarily drove the downtick. Moreover, transportation costs grew at a milder pace amid lower fuel prices. Meanwhile, the trend pointed up mildly, with annual average inflation rising to 5.2% in April (March: 5.0%). Finally, consumer prices rose 0.32% from the previous month in April, a smaller hike than March's 0.57% increase. April's result marked the weakest reading since August 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Uruguayan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan inflation projections.
Want to get access to the full dataset of Uruguayan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Philippines: Inflation inches down in May Latest reading: Inflation came in at 1.3% in May, which was down from April’s 1.4%. May’s result represented the weakest...