The annual inflation rate in Uruguay fell to 8.34 percent in March of 2021 from 9.12 percent in February. It was the lowest reading since February of 2020, as prices slowed for alcoholic beverages & tobacco (8.45 percent vs 9.23 percent in February); transport (4.71 percent vs 6.33 percent) and furnishings & routine household maintenance (11.58 percent vs 12.30 percent). On a monthly basis, consumer prices went up 0.62 percent, after a 0.82 percent jump in the previous month. source: Instituto Nacional de Estadística, Uruguay
Inflation Rate in Uruguay averaged 30.83 percent from 1938 until 2021, 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 April of 2021.
Inflation Rate in Uruguay is expected to be 8.50 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 7.00 in 12 months time. In the long-term, the Uruguay Inflation Rate is projected to trend around 6.60 percent in 2022 and 6.00 percent in 2023, according to our econometric models.