Latest reading: Consumer prices rose 3.5% on a year-on-year basis in September, following a 3.0% increase in the previous month....
Inflation in Uruguay
Consumer price inflation in Uruguay averaged 7.8% in the ten years to 2024, in line with the Latin America regional average of 10.8%. The 2024 average figure was 4.8%. For more information on inflation, visit our dedicated page.
Uruguay Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Uruguay from 2025 to 2024.
Source: Macrobond.
Uruguay Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 9.8 | 7.7 | 9.1 | 5.9 | 4.8 |
| Inflation (CPI, ann. var. %, eop) | 9.4 | 8.0 | 8.3 | 5.1 | 5.5 |
| Inflation (PPI, ann. var. %, aop) | 10.5 | 14.4 | 12.4 | -7.5 | 3.3 |
Inflation stabilizes in September from the prior month
Latest reading: Consumer prices increased 4.2% in annual terms in September, unchanged from the previous month's reading. Relative to the previous month's data, price pressures were higher for housing in September (+4.2% yoy vs +3.6% in August). In contrast, there were reduced price pressures for clothing and footwear (-1.2% vs -1.1% in August) and transportation (+0.6% vs +1.2% in August). Finally, the variation in food and non-alcoholic beverages prices was the same as in the prior month (+4.6% in September and August). Lastly, consumer prices increased 0.42% in September in month-on-month terms, following a flat reading in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan inflation projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Uruguayan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan inflation projections.
Want to get access to the full dataset of Uruguayan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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