The annual inflation rate in Uruguay rose to 8.79 percent in December 2019, its highest level since September 2016, from 8.40 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (14.20 percent vs 13.20 percent in November); transport (7.66 percent vs 7.11 percent); restaurants & hotels (10.33 percent vs 9.34 percent); recreation & culture (8.64 percent vs 8.42 percent) and furnishings (7.79 percent vs 7.47 percent). Meanwhile, housing inflation slowed to 1.05 percent from 3.99 percent. On a monthly basis, consumer prices were down 0.03 percent, the first month of decline in a year.
Inflation Rate in Uruguay averaged 31.16 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. This page provides the latest reported value for - Uruguay Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Inflation Rate in Uruguay is expected to be 8.00 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.