The annual inflation rate in Uruguay was at 9.53 percent in August of 2022, almost unchanged from the previous month's 17-month high. source: Instituto Nacional de Estadística, Uruguay

Inflation Rate in Uruguay averaged 30.45 percent from 1938 until 2022, 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 September of 2022.

Inflation Rate in Uruguay is expected to be 9.53 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Inflation Rate is projected to trend around 7.00 percent in 2023, according to our econometric models.

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Uruguay Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-08-03 06:30 PM Jul 9.56% 9.29% 9.48%
2022-09-05 05:15 PM Aug 9.53% 9.56% 9.34%
2022-10-05 05:30 PM Sep 9.53% 9.53%

Related Last Previous Unit Reference
Inflation Rate 9.53 9.56 percent Aug 2022
Consumer Price Index CPI 258.38 256.26 points Aug 2022
CPI Transportation 249.31 248.91 points Aug 2022
CPI Housing Utilities 255.08 254.00 points Aug 2022
Producer Prices Change 9.37 14.19 percent Aug 2022
Producer Prices 304.15 306.12 points Aug 2022
Inflation Rate MoM 0.83 0.77 percent Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.53 9.56 182.86 -7.12 1938 - 2022 percent Monthly

News Stream
Uruguay July Inflation Rate at Near 2-Year High
Uruguay’s annual inflation rate accelerated to 9.6 percent in July 2022, from 9.3 percent the previous month, reaching the highest point since November of 2020. Upward pressure came mostly from prices of transport (13.2 percent vs 13.6 percent in June); food & non-alcoholic beverages (11.5 percent vs 10.9 percent); restaurants & hotels (12.2 percent vs 11.4 percent) and housing (7.4 percent vs 7.2 percent). On a monthly basis, consumer prices went up 0.8 percent, slightly faster than a 0.6 percent increase in the previous month.
Uruguay Inflation Rate Eases in June
Uruguay’s annual inflation rate inched down to 9.3 percent in June 2022, from 9.4 percent the previous month. Inflationary pressures remained significant but showed signs of easing in prices of transports (13.6 percent vs 14.5 percent in May), housing & utilities (7.2 percent vs 7.6 percent) and restaurants & hotels (11.4 percent vs 11.7 percent). Meanwhile cost pressures rose for food & non-alcoholic beverages (10.9 percent vs 10.2 percent) and health (8.5 percent vs 8.4 percent). On a monthly basis, consumer prices went up 0.6 percent, slightly faster than a 0.5 percent increase in the previous month.
Uruguay Inflation Rate Steady at 9.4% in May
Uruguay’s annual inflation rate stood at 9.4 percent in May 2022, unchanged from the previous month. Prices advanced faster for housing & utilities (7.6 percent vs. 7.1 percent in April), transport (14.5 percent vs. 13.8 percent), healthcare (8.4 percent vs. 8.3 percent), and restaurant & hotels (11.7 percent vs. 11 percent). On the other hand, food & alcoholic beverages prices slowed (10.2 percent vs. 11.4 percent). On a monthly basis, consumer prices went up 0.5 percent, the same as in April.