The annual inflation rate in Uruguay dropped to 9.79 percent in August of 2020 from 10.13 percent in the previous month. Prices slowed mainly for food & non-alcoholic beverages (12.88 percent vs 14.81 percent in July); transport (6.42 percent vs 7.21 percent) and restaurants & hotels (8.26 percent vs 8.33 percent). On the other hand, cost advanced faster for housing (7.77 percent vs 7.67 percent) and health (10.12 percent vs 7.97 percent). On a monthly basis, consumer prices rose 0.57 percent, following a 0.55 percent rise in July.
Inflation Rate in Uruguay averaged 30.99 percent from 1938 until 2020, 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 September of 2020.
Inflation Rate in Uruguay is expected to be 9.30 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 7.90 in 12 months time. In the long-term, the Uruguay Inflation Rate is projected to trend around 6.80 percent in 2021 and 6.60 percent in 2022, according to our econometric models.