The annual inflation rate in Uruguay fell to 9.74 percent in October 2020 from 9.92 percent in the previous. It was the lowest inflation rate since March, as prices slowed for food & beverages (12.5 percent vs 13.5 percent in September); transport (4.9 percent vs 5.3 percent); miscellaneous goods & services (9.7 percent vs 10.2 percent); and restaurants & hotels (8.2 percent vs 8.4 percent). On the other hand, cost advanced further mainly for housing & utilities (8.0 percent vs 7.8 percent); clothing & footwear (6.3 percent vs 4.9 percent); recreation & culture (14.9 percent vs 14.2 percent); and furniture & home decor (10.8 percent vs 10.6 percent). On a monthly basis, consumer prices went up 0.58 percent, easing from a 0.64 percent gain in the prior month. source: Instituto Nacional de Estadística, Uruguay
Inflation Rate in Uruguay averaged 30.94 percent from 1938 until 2020, 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. Uruguay Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Uruguay is expected to be 9.50 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 8.00 in 12 months time. In the long-term, the Uruguay Inflation Rate is projected to trend around 7.50 percent in 2021 and 6.60 percent in 2022, according to our econometric models.