Inflation in Uruguay
Uruguay - Inflation
Inflation broadly stable in December
Consumer prices fell 0.4% from a month earlier in December, swinging from November’s 0.4% month-on-month rise. According to data released by the Statistical Institute, December’s reading was driven by lower health and living costs, which more than offset an increase in food and beverage prices.
Inflation remained largely stable, inching down to 8.0% in December (November: 8.1%) and remaining above the Central Bank’s 3.0%–7.0% target. Meanwhile, annual average inflation ticked up to 7.6% in the same month, from 7.5% in November, marking an 18-month high.
Panelists participating in the LatinFocus Consensus Forecast expect inflation to end 2019 at 7.5%, which is unchanged from last month’s projection. For end-2020, panelists see inflation moderating to 6.8%.
Uruguay - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 8.6 | 8.9 | 8.7 | 9.6 | 6.2 |
Uruguay Inflation Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
Uruguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 32.66 | 0.24 % | Jan 16 |
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Economic News
Uruguay: Industrial output growth runs out of steam in November
January 11, 2019
Industrial production decelerated on an annual basis in November, increasing 1.7% when accounting for refinery output, down markedly from a 19.5% jump recorded in October.
Uruguay: Inflation broadly stable in December
January 4, 2019
Consumer prices fell 0.4% from a month earlier in December, swinging from November’s 0.4% month-on-month rise.
Uruguay: Central Bank lowers M1+ target again in December
December 27, 2018
At its 27 December monetary policy meeting, the Central Bank of Uruguay set its target for the growth rate of the M1+ money supply for the first quarter of 2019 to 6.0%–8.0%, down from the previous quarter’s 7.0%–9.0% target.
Uruguay: Economy stagnates in Q3 as regional turmoil bites
December 13, 2018
A comprehensive breakdown by the Central Bank of Uruguay showed that the economy decelerated to 2.1% year-on-year in the third quarter, down from the second quarter’s revised 2.6% outturn (previously reported: +2.5% year-on-year).
Uruguay: Industrial output accelerates in October
December 12, 2018
Industrial production accelerated on an annual basis in October, growing 19.5% when accounting for refinery output (September: +16.1% year-on-year).
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