Uruguay: Inflation drops to lowest level since August 2005 in March
Inflation eased to 3.8% in March, below February’s 4.7%. March’s reading represented the lowest inflation rate since August 2005. The moderation was primarily due to a slower rise in prices for food and non-alcoholic beverages. In addition, price pressures for clothing and footwear decreased at a quicker pace. Moreover, prices for transportation grew at a more subdued pace.
Annual average inflation fell to 5.1% in March (February: 5.4%).
Lastly, consumer prices rose 0.02% in March over the previous month, coming in below February’s 0.64% increase.