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.

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Uruguay Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.34 9.12 182.86 -7.12 1938 - 2021 percent Monthly
2010=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-05 05:30 PM Dec 9.41% 9.59% 9.7%
2021-02-03 09:00 PM Jan 8.89% 9.41% 9.3%
2021-03-03 05:30 PM Feb 9.12% 8.89% 8.5%
2021-04-05 05:30 PM Mar 8.34% 9.12% 9.3%
2021-05-05 05:30 PM Apr 8.34%
2021-06-03 05:30 PM May
2021-07-05 05:30 PM Jun
2021-08-04 05:30 PM Jul


News Stream
Uruguay Inflation Rate Eases to 13-Month Low
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.
2021-04-05
Uruguay Inflation Rate Rises to 9.12% in February
The annual inflation rate in Uruguay edged up to 9.12 percent in February of 2021 from 8.80 percent in January. Main upward pressure came from alcoholic beverages & tobacco (9.23 percent vs 8.83 percent in January); furnishings & routine household maintenance (12.30 percent vs 12.44 percent); health (10.03 percent vs 9.26 percent); education (5.39 percent vs 6.13 percent); other goods & services (9.92 percent vs 8.91 percent); and transportation (6.33 percent vs 5.86 percent). On a monthly basis, consumer prices went up 0.82 percent, after a 1.6 percent jump in the previous month.
2021-03-03
Uruguay Inflation Rate Drops to 11-Month Low
The annual inflation rate in Uruguay fell for the fourth straight month to 8.89 percent in January of 202º from 9.41 percent in December, and fell to the lowest since February. Inflation declined for recreation & culture (8.54 percent vs 13.79 percent), transport (5.86 percent vs 6.20 percent), restaurants & hotels (5.81 percent vs 6.49 percent), clothing & footwear (6.35 percent vs 6.69 percent), and utilities (10.69 percent vs 11.53 percent) In contrast, inflation accelerated for furnishings (12.44 percent vs 12.13 percent) and food & non-alcoholic beverages (9.98 percent vs 9.48 percent in December). On a monthly basis, consumer prices jumped 1.6 percent, after decreasing 0.19 percent in the previous month.
2021-02-03
Uruguay December Inflation Rate Eases to 9-Month Low
The annual inflation rate in Uruguay fell for the third straight month to 9.41 percent in December of 2020, the lowest since March. Prices slowed mostly for food & non-alcoholic beverages (9.48 percent vs 10.50 percent in November); restaurants & hotels (6.49 percent vs 7.53 percent), clothing & footwear (6.69 percent vs 7.10 percent) and recreation & culture (13.79 percent vs 14.33 percent). Conversely, inflation quickened for housing (11.53 percent vs 10.51 percent), transport (6.20 percent vs 5.98 percent), and furnishings (12.13 percent vs 10.96 percent). On a monthly basis, consumer prices went down 0.19 percent, after increasing 0.28 percent in the previous month.
2021-01-05

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.