Inflation in Uruguay
Uruguay - Inflation (end of period)
Inflation holds steady in April
Consumer prices increased 0.49% from the previous month in April, below the 1.11% increase recorded in March. April's result marked the weakest reading since December 2021. The moderation was largely driven by dropping prices for food and non-alcoholic beverages.
Inflation came in at 9.4% in April, matching March’s result. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 8.0% in April (March: 7.8%).
FocusEconomics analysts see inflation ending 2022 at 8.2%, which is up 0.9 percentage points from the previous month’s forecast. In 2023, our panel sees inflation ending the year at 6.7%.
Uruguay - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||9.4||8.1||6.6||8.0||8.8|
5 years of economic forecasts for more than 30 economic indicators.
Uruguay Inflation (eop) Chart
Source: Central Bank of Uruguay and FocusEconomics calculations.
|Exchange Rate||37.33||0.24 %||Jan 01|
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May 12, 2022
Industrial output expanded 5.5% compared to the same month a year earlier in March, which followed February’s 11.5% increase. Meanwhile, annual average industrial production growth rose to 14.5% in January (December: +14.3%), signaling an improving trend in the industrial sector.
May 5, 2022
Consumer prices increased 0.49% from the previous month in April, below the 1.11% increase recorded in March.
April 8, 2022
At its 8 April meeting, the Monetary Policy Committee of the Central Bank of Uruguay hiked its monetary policy rate by 125 basis points to 8.50%.
April 5, 2022
Consumer prices rose 1.11% over the previous month in March, weaker than February's 1.47% jump.
March 23, 2022
The economy expanded 5.9% year-on-year in the fourth quarter, after having increased 6.2% in the third quarter of last year.