Inflation in Uruguay
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
|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 Met the why particular calculations.
|Exchange Rate||32.69||0.24 %||Feb 21|
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February 11, 2019
Industrial production contracted 8.8% on an annual basis in December, compared to a modest 1.7% increase recorded in November.
February 5, 2019
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.
January 11, 2019
Industrial production decelerated on an annual basis in November, increasing 1.7% when accounting for refinery output, down markedly from a 19.5% jump recorded in October.
January 4, 2019
Consumer prices fell 0.4% from a month earlier in December, swinging from November’s 0.4% month-on-month rise.
December 27, 2018
At its 27 December monetary policy meeting, the Central Bank of Uruguay set its target for the growth rate of the M1+ money supply for the first quarter of 2019 to 6.0%–8.0%, down from the previous quarter’s 7.0%–9.0% target.