Inflation in Uruguay
Uruguay - Inflation (end of period)
Inflation drops in July
Consumer prices increased 0.55% from the previous month in July, accelerating from June's 0.02% increase. Looking at the details of the release, food and housing prices rose at a quicker pace in July compared to the previous month. Prices for transportation goods also gained steam.
Inflation dropped to 10.1% in July, from June’s 10.4%. Meanwhile, annual average inflation rose to 9.1% in July (June: 8.9%).
Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2020 at 9.6%, which is unchanged from last month’s forecast, and 2021 at 7.4%.
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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August 5, 2020
Consumer prices increased 0.55% from the previous month in July, accelerating from June's 0.02% increase.
July 14, 2020
Industrial production nosedived 19.6% year-on-year in May (April: -19.3% yoy).
July 6, 2020
Consumer prices were unchanged from a month earlier in June, following the 0.6% increase recorded in May.
June 26, 2020
At its 25 June monetary policy meeting, the Central Bank of Uruguay increased its target for the growth rate of the M1+ money supply in Q3 2020 to 7.0%–10.0%, from the previous quarter’s target of 3.0%–5.0%.
June 22, 2020
The economy slumped 1.4% year-on-year in the first quarter of 2020, after expanding 0.2% in the fourth quarter of last year, recording the worst contraction since Q2 2003.