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. Inflation Rate in Uruguay averaged 31.25 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 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.