The inflation rate in Uruguay rose to a seven-month high of 8.17 percent year-on-year in April 2019 from 7.78 percent in the previous month, driven mainly by rising prices of housing (6.78 percent vs 6.57 percent); transport (9.82 percent vs 8.81 percent); health care (8.82 percent vs 8.50 percent); restaurants and accommodation (8.34 percent vs 8.10 percent); and recreation and culture (10.29 percent vs 9.89 percent). Meanwhile, inflation slowed for food and non-alcoholic beverages (7.58 percent vs 7.85 percent) and miscellaneous goods and services (9.62 percent vs 9.85 percent). On a monthly basis, consumer prices increased 0.43 percent in April, after a 0.55 percent advance in March. Inflation Rate in Uruguay averaged 31.35 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 7.50 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 7.00 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.