Uruguay Inflation Eases in March

Uruguay's annual inflation eased to 2.94% in March 2026 from 3.11% in February, the lowest rate since August 1956. Price increases slowed across most categories: food and non-alcoholic beverages fell to 2.43% from 4.32%, and housing and utilities declined to 3.99% from 5.01%. Deflation deepened in clothing and footwear to 4.33% from 3.86%, while transport deflation eased to 2.2% from 3.58%. Prices rose faster in information and communication at 3.76% from 3.53%, and recreation, sports and culture at 2.85% from 2.49%. On a monthly basis, consumer prices rose 0.41%, accelerating from 0.35% in February.

Uruguay’s annual inflation eased to 3.11% in February 2026 from 3.46% in January, the lowest rate since January 1939. Price increases slowed across most categories: food and non-alcoholic beverages (4.32% vs 4.66%), alcoholic beverages and tobacco (3.74% vs 3.80%), housing and utilities (5.01% vs 5.37%), healthcare (5.64% vs 6.30%), recreation, sport and culture (2.49% vs 3.00%), education (5.85% vs 7.13%), and insurance and financial services (2.47% vs 2.98%). Deflation deepened in clothing and footwear (-3.86% vs -3.34%) and transport (-3.58% vs -3.48%). Prices rose faster in furniture and household appliances (1.01% vs 0.91%), information and communication (3.53% vs 3.39%), and personal expenses (5.74% vs 5.05%). On a monthly basis, consumer prices rose 0.35% after a 0.90% increase in January.

Uruguay’s annual inflation eased to 3.46% in January 2026 from 3.65% in December, the lowest level since August 2005. Prices fell further in clothing and footwear (-3.3% vs -2.6%) and transport (-3.5% vs -1.4%). Inflation also slowed for alcoholic beverages and tobacco (3.8% vs 4.1%), furniture and household articles (0.9% vs 1.4%), and healthcare (1.7% vs 5.4%). On a monthly basis, consumer prices rose 0.9%, rebounding from a 0.1% decline in the previous month.