Inflation in Uruguay
Uruguay - Inflation
Inflation holds steady in July
Consumer prices rose 0.52% from the previous month in July, moderating from June's 0.67% increase. Looking at the details of the release, the result was driven by moderating price pressures for food and non-alcoholic beverages and easing price pressures for housing. In addition, prices for transportation grew at a more subdued pace.
Inflation came in at 7.3% in July, unchanged from June’s result. Meanwhile, the trend pointed down, with annual average inflation felling to 8.5% in July (June: 8.8%).
Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2021 at 7.2%, which is unchanged from last month’s forecast, and 2022 at 6.7%.
Uruguay - Inflation Data
|Inflation Rate (CPI, annual variation in %)||8.7||9.6||6.2||7.6||7.9|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Inflation Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||37.33||0.24 %||Jan 01|
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August 11, 2021
Industrial manufacturing output grew 19.8% in year-on-year terms in June, which was down from May's 22.9% increase.
August 11, 2021
At its 11 August meeting, the Monetary Policy Committee of the Central Bank of Uruguay decided to raise the monetary policy rate by 50 basis points to 5.00%.
August 4, 2021
Consumer prices rose 0.52% from the previous month in July, moderating from June's 0.67% increase.
July 12, 2021
Industrial output grew 22.9% in year-on-year terms in May, which followed April's 24.5% increase.
July 6, 2021
At its 6 July meeting, the Monetary Policy Committee of the Central Bank of Uruguay unanimously voted to keep the monetary policy rate unchanged at 4.50%.