Inflation in Uruguay
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 |
Uruguay Inflation Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
Uruguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 37.33 | 0.24 % | Jan 01 |
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Economic News
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Uruguay: Industrial output growth surges in November
January 11, 2022
Industrial output expanded 21.1% compared to the same month a year earlier in November, which followed October's 6.9% increase.
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Uruguay: Inflation ticks up in December
January 5, 2022
Consumer prices decreased 0.10% over the previous month in December, contrasting November's 0.25% rise.
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Uruguay: GDP growth slows in Q3, but remains robust nonetheless
December 22, 2021
The economy expanded 5.9% year-on-year in the third quarter, after having increased 11.4% in the second quarter of last year.
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Uruguay: Inflation remains stable in November
December 3, 2021
Consumer prices increased 0.25% over the previous month in November, below October's 1.04% rise.
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Uruguay: Central Bank raises its monetary policy rate again in November
November 11, 2021
At its 11 November meeting, the Monetary Policy Committee of the Central Bank of Uruguay decided to raise the monetary policy rate by 50 basis points to 5.75%.
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