Inflation in Uruguay
Uruguay - Inflation
Inflation rises to 20-month high in July
Consumer prices increased 0.77% over the previous month in July, accelerating from June's 0.59% rise. July's uptick was the strongest increase in prices since March. Looking at the details of the release, housing prices rose at a quicker pace in July compared to the previous month, which more than offset price pressures for clothing and footwear dropping.
Inflation ticked up to 9.6% in July from June’s 9.3%. July's reading represented the highest inflation rate since November 2020. Consequently, the trend pointed up, with annual average inflation coming in at 8.6% in July (June: 8.4%).
FocusEconomics analysts see inflation ending 2022 at 8.8%, which is up 0.2 percentage points from the previous month’s forecast. In 2023, our panel sees inflation ending the year at 7.2%.
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 3, 2022
Consumer prices increased 0.77% over the previous month in July, accelerating from June's 0.59% rise.
July 12, 2022
Industrial output increased 12.0% compared to the same month a year earlier in May, which was markedly above April's 3.9% increase.
July 6, 2022
At its 6 July meeting, the Monetary Policy Committee of the Central Bank of Uruguay delivered a 50 basis point increase, bringing the policy rate to 9.75%.
July 5, 2022
Consumer prices rose 0.59% over the previous month in June, picking up from the 0.46% rise logged in May.
June 14, 2022
Economic growth gained traction in the first three months of 2022, with GDP expanding 8.3% year on year (Q4 2021: +5.9 yoy).