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. source: Instituto Nacional de Estadística, Uruguay
Inflation Rate in Uruguay averaged 30.47 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 August 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.