Inflation in Uruguay

Uruguay Inflation | Economic News & Forecasts

Uruguay - Inflation

Inflation ticks up in July

Consumer prices rose 0.8% from a month earlier in July, accelerating mildly from June’s 0.6% increase. A breakdown of the sub-components provided by the Statistical Institute showed that the reading largely reflected higher prices for food and non-alcoholic beverages, health, and restaurants and hotels, which more than offset lower prices for clothing and footwear.

Meanwhile, inflation inched up to 7.5% in July from 7.4% in June, moving further above the Central Bank’s 3.0%–7.0% target range. Annual average inflation ticked down from 7.9% in June to 7.8% in July, however.

FocusEconomics panelists expect inflation to close 2019 at 7.6%, which is from last month’s projection. For 2020, panelists see inflation moderating and ending the year at 7.2%.

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 Rate34.330.24 %Jul 31

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