Inflation in Uruguay
Uruguay - Inflation
Inflation edges down in September
Consumer prices rose 0.5% from a month earlier in September, moderating from August’s 0.9% increase. A breakdown of the sub-components provided by the Statistical Institute showed that all 12 sub-components saw an increase in prices, led by higher prices for transport, food and non-alcoholic beverages, and health.
Meanwhile, inflation remained stable at August’s 7.6% in September. As a result, inflation remained firmly above the upper bound of the Central Bank’s 3.0%–7.0% target range. In turn, annual average inflation ticked down from 7.8% in August to 7.7% in September.
FocusEconomics panelists expect inflation to close 2019 at 7.9%, which is up 0.1 percentage points from last month’s projection. For 2020, panelists see inflation moderating and ending the year at 7.4%, which is up 0.2 percentage points from last month’s forecast.
Uruguay - Inflation Data
|Inflation Rate (CPI, annual variation in %)||8.6||8.9||8.7||9.6||6.2|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Inflation Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||36.72||0.24 %||Sep 04|
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October 14, 2019
Industrial production rose 4.1% in annual terms in August, following July’s flat reading and marking the strongest increase since October 2018.
October 9, 2019
At its 9 October monetary policy meeting, the Central Bank of Uruguay lowered its target for the growth rate of the M1+ money supply in Q4 2019 to 7.0%–9.0%, from the previous quarter’s target of 8.0%–10.0%.
October 7, 2019
Uruguay’s 27 October elections remain highly uncertain.
October 3, 2019
Consumer prices rose 0.5% from a month earlier in September, moderating from August’s 0.9% increase.
September 18, 2019
Industrial production remained unchanged over the same month of the previous year in July, improving from a 9.9% year-on-year plunge in June, which had marked the sharpest contraction since October 2017.