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.


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Uruguay Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.79 8.40 182.86 -7.12 1938 - 2019 percent Monthly
2010=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 07:15 PM Sep 7.78% 7.76% 7.7%
2019-11-05 06:30 PM Oct 8.34% 7.78% 7.8%
2019-12-04 05:10 PM Nov 8.40% 8.34% 8.1%
2020-01-03 05:30 PM Dec 8.79% 8.40% 8.5%
2020-02-05 05:30 PM Jan 8.79% 8.4%


News Stream
2019-12-04
Uruguay Inflation Rate Nears 1-1/2-Year High of 8.4%
The annual inflation rate in Uruguay rose to 8.40 percent in November 2019, its highest level since July last year, from 8.34 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (13.20 percent vs 10.63 percent in October); transport (7.11 percent vs 6.83 percent); restaurants & hotels (9.34 percent vs 8.65 percent); recreation & culture (8.42 percent vs 7.97 percent) and furnishings (7.47 percent vs 7.10 percent). Meanwhile, cost slowed mostly for housing (3.99 percent vs 6.08 percent); health (4.52 percent vs 10.66 percent) and clothing & footwear (1.81 percent vs 2.02 percent). On a monthly basis, consumer prices went up 0.42 percent, easing from a 0.75 percent rise in the preceding month.

2019-11-05
Uruguay October Inflation Rate at 15-Month High
The annual inflation rate in Uruguay increased to 8.34 percent in October 2019 from 7.78 percent in the previous month. It was the highest inflation rate since July last year, as prices rose further for food & non-alcoholic beverages (10.63 percent vs 8.75 percent in September); transport (6.83 percent vs 6.68 percent); health (10.66 percent vs 10.44 percent); restaurants & hotels (8.65 percent vs 8.56 percent); recreation & culture (7.97 percent vs 7.77 percent); furnishings & household equipment (7.1 percent vs 6.85 percent); clothing & footwear (2.02 percent vs 1.39 percent); communications (5.9 percent vs 5.83 percent) and education (9.03 percent vs 8.97 percent). Meanwhile, cost of housing eased (6.08 percent vs 6.32 percent). On a monthly basis, consumer prices went up 0.75 percent, after a 0.52 percent gain in September.

2019-10-03
Uruguay September Inflation Rises to 5-Month High
Annual inflation rate in Uruguay rose to 7.78 percent in September of 2019 from 7.76 percent in the prior month. It was the highest inflation rate since April, as prices increased faster for food & non-alcoholic beverages (8.75 percent vs 8.03 percent in August) and health (10.44 percent vs 10.27 percent). On the other hand, inflation slowed for restaurants & hotels (8.56 percent vs 8.66 percent), recreation & culture (7.77 percent vs 8.52 percent), housing (6.32 percent vs 6.62 percent), and transport (6.68 percent vs 6.90 percent).On a monthly basis, consumer prices increased 0.52 percent, following a 0.88 percent rise in August.

2019-09-04
Uruguay Inflation Rate at 4-Month High of 7.76%
Annual inflation rate in Uruguay rose to 7.76 percent in August of 2019 from 7.54 percent in the prior month. It was the highest inflation rate since April, as prices increased faster for food & non-alcoholic beverages (8.03 percent vs 7.21 percent in July); housing (6.62 percent vs 6.46 percent); transport (6.90 percent vs 6.36 percent) and health (10.27 percent vs 10.20 percent). On the other hand, cost slowed for restaurants & hotels (8.66 percent vs 8.87 percent) and recreation & culture (8.52 percent vs 8.94 percent). On a monthly basis, consumer prices increased 0.88 percent, following a 0.76 percent rise in July.

2019-08-05
Uruguay Inflation Climbs to 7.54% YoY
The inflation rate in Uruguay climbed to 7.54 percent year-on-year in July 2019 from 7.36 percent in the previous month. Prices rose further for food and non-alcoholic beverages (7.21 percent vs 6.30 percent in June), accommodation (8.87 percent vs 8.32 percent), and health care (10.20 percent vs 9.02 percent). In contrast, prices rose at a softer pace for housing (6.46 percent vs 6.60 percent); transport (6.36 percent vs 7.90 percent); restaurants and recreation & culture (8.94 percent vs 9.11 percent). On a monthly basis, consumer prices increased 0.76 percent (vs 0.64 percent in June).

2019-07-03
Uruguay Inflation Rate Eases Further in June
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.


Uruguay Inflation Rate
In Uruguay, the most important categories in the CPI basket are Food and Non-Alcoholic Beverages (26.1 percent of the total weight) and Housing (13.7 percent). Transportation accounts for 10.1 percent; Health care for 7.71 percent; Restaurants and Accommodation Services for 7.70 percent; Recreation and Culture for 6.5 percent. Others include: Miscellaneous Goods and Services (6.3 percent); Furniture and Household Conservation Items (5.7 percent); Clothing and Footwear (5.4 percent); Alcoholic Beverages, Tobacco and Narcotics (4.3 percent); Communications (3.4 percent) and Education (3.1 percent). The CPI index has a base of 100 as of 2010.

Uruguay Prices Last Previous Highest Lowest Unit
Inflation Rate 8.79 8.40 182.86 -7.12 percent [+]
Consumer Price Index CPI 203.02 203.08 203.08 0.00 points [+]
Producer Prices 223.98 226.51 226.51 0.00 points [+]
Producer Prices Change 20.10 19.12 149.94 -5.37 percent [+]
Inflation Rate Mom -0.03 0.42 20.35 -5.50 percent [+]
Food Inflation 14.20 13.20 37.12 -1.82 percent [+]
GDP Deflator 277.28 273.46 277.28 98.51 points [+]
CPI Housing Utilities 191.19 202.59 206.46 28.79 points [+]
CPI Transportation 194.40 193.17 194.40 34.75 points [+]