The annual inflation rate in Uruguay went up to 8.05 percent in November 2018 from 8.01 percent in the previous month. Prices rose faster for food & non-alcoholic beverages (6.97 percent from 8.35 percent in October); health (12.61 percent from 6.57 percent); recreation & culture (10.12 percent from 9.88 percent); miscellaneous goods & services (7.04 percent from 6.66 percent) and alcoholic beverages & tobacco (11.05 percent from 10.89 percent). On the other hand, cost slowed for housing (6 percent from 6.22 percent); transport (9.56 percent from 9.69 percent); restaurant & hotels (9.37 percent from 9.63 percent); furniture & household equipment (8.42 percent from 8.63 percent); clothing & footwear (2.84 percent from 3.28 percent); communication (6.02 percent from 6.05 percent) and education (9.23 percent from 9.25 percent). On a monthly basis, consumer prices increased 0.4 percent, following a 0.2 percent rise in October. Inflation Rate in Uruguay averaged 31.47 percent from 1938 until 2018, 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.
Inflation Rate in Uruguay is expected to be 8.10 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 7.80 in 12 months time. In the long-term, the Uruguay Inflation Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.