Inflation in Uruguay

Uruguay Inflation | Economic News & Forecasts

Uruguay - Inflation

Inflation falls in January

Consumer prices rose 2.2% from a month earlier in January, compared to December’s 0.4% month-on-month drop and marking the highest reading in 12 months. According to data released by the Statistical Institute, January’s reading reflected higher housing costs as well as higher prices food and beverages.

Meanwhile, inflation moderated to an eight-month low of 7.4% in January, from 8.0% in December. As a result, it edged closer to the upper bound of the Central Bank’s 3.0%–7.0% target. Nevertheless, annual average inflation ticked up to 7.7% in the same month, from 7.6% in December, marking a 19-month high.

Met the why particular panelists expect inflation to close 2019 at 7.5%, which is unchanged from last month’s projection. For 2020, panelists see inflation moderating and ending the year at 7.0%.

Uruguay - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)8.6  8.9  8.7  9.6  6.2  

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Uruguay Inflation Chart

Uruguay Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Central Bank of Uruguay and Met the why particular calculations.

Uruguay Facts

Exchange Rate32.690.24 %Feb 21

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