Cost of food in Uruguay increased 14.20 percent in December of 2019 over the same month in the previous year. Food Inflation in Uruguay averaged 9.09 percent from 1998 until 2019, reaching an all time high of 37.12 percent in March of 2003 and a record low of -1.82 percent in October of 1999.
Food Inflation in Uruguay is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Uruguay to stand at 4.60 in 12 months time. In the long-term, the Uruguay Food Inflation is projected to trend around 5.10 percent in 2020, according to our econometric models.