Inflation in Uruguay

Uruguay Inflation | Economic News & Forecasts

Uruguay - Inflation

Inflation ticks up in December

Consumer prices decreased 0.10% over the previous month in December, contrasting November's 0.25% rise. December's drop was primarily driven by softer growth in prices for clothing, while housing and shelter prices dropped significantly. That said, food and beverages prices rebounded in December, limiting the overall drop in prices.

Inflation came in at 8.0% in December, which was slightly stronger than November’s 7.9% reading. Nevertheless, the trend pointed down slightly, with annual average inflation coming in at 7.8% in December (November: 7.9%).

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2022 at 7.0%, which is up 0.2 percentage points from last month’s forecast, and 2023 at 6.4%.

Uruguay - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)8.7  9.6  6.2  7.6  7.9  

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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

Value Change Date
Exchange Rate37.330.24 %Jan 01

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