The inflation rate in Uruguay fell to 7.36 percent year-on-year in May 2019 from 7.73 percent in the previous month, as prices rose at a softer pace for: food and non-alcoholic beverages (6.30 percent vs 7.08 percent); housing (6.60 percent vs 6.76 percent); transport (7.90 percent vs 9.25 percent); restaurants and accommodation (8.32 percent vs 8.28 percent); and recreation and culture (9.11 percent vs 9.30 percent). Meanwhile, inflation accelerated for health care (9.02 percent vs 8.92 percent) and miscellaneous goods and services (9.99 percent vs 9.58 percent). On a monthly basis, consumer prices increased 0.64 percent in June. Inflation Rate in Uruguay averaged 31.30 percent from 1938 until 2019, reaching an all time high of 182.86 percent in June of 1968 and a record low of -7.12 percent in February of 1950.
Inflation Rate in Uruguay is expected to be 7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Uruguay to stand at 6.50 in 12 months time. In the long-term, the Uruguay Inflation Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.