Inflation in Uruguay

Uruguay Inflation | Economic News & Forecasts

Uruguay - Inflation

Inflation broadly stable in December

Consumer prices fell 0.4% from a month earlier in December, swinging from November’s 0.4% month-on-month rise. According to data released by the Statistical Institute, December’s reading was driven by lower health and living costs, which more than offset an increase in food and beverage prices.

Inflation remained largely stable, inching down to 8.0% in December (November: 8.1%) and remaining above the Central Bank’s 3.0%–7.0% target. Meanwhile, annual average inflation ticked up to 7.6% in the same month, from 7.5% in November, marking an 18-month high.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 7.5%, which is unchanged from last month’s projection. For end-2020, panelists see inflation moderating to 6.8%.

Uruguay - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)8.6  8.9  8.7  9.6  6.2  

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Uruguay Inflation Chart

Uruguay Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bank of Uruguay and FocusEconomics calculations.

Uruguay Facts

Exchange Rate32.660.24 %Jan 16

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