Inflation in Uruguay
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
|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||34.33||0.24 %||Jul 31|
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August 5, 2019
Consumer prices rose 0.8% from a month earlier in July, accelerating mildly from June’s 0.6% increase.
July 12, 2019
Industrial production fell 2.5% over the same month of the previous year in May, contrasting a mild 0.4% year-on-year increase in April which had marked a short-lived return to output growth.
July 12, 2019
At its 12 July monetary policy meeting, the Central Bank of Uruguay maintained its target for the growth rate of the M1+ money supply in Q3 2019 at 8.0%–10.0%, unchanged from previous quarter’s target.
July 4, 2019
Consumer prices rose 0.6% from a month earlier in June, up slightly from May’s 0.4% increase.
June 20, 2019
The economy shrank 0.2% year-on-year in the first quarter, contrasting the fourth quarter’s 0.6% expansion and marking the first contraction since the 2015 recession.