Cost of food in Uruguay increased 12.88 percent in August of 2020 over the same month in the previous year.
Food Inflation in Uruguay averaged 9.27 percent from 1998 until 2020, 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. This page provides the latest reported value for - Uruguay Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay Food Inflation - values, historical data and charts - was last updated on September of 2020.
Food Inflation in Uruguay is expected to be 17.00 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 10.00 in 12 months time. In the long-term, the Uruguay Food Inflation is projected to trend around 7.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.