Uruguay: Inflation drops to lowest level since November 2005 in July
Inflation came in at 4.8% in July, down from June’s 6.0%. July’s figure marked the lowest inflation rate since November 2005. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a slower rate in July. Moreover, prices for clothing and footwear dropped after growing in the previous month.
Meanwhile, annual average inflation fell to 7.8% in July (June: 8.2%).
Finally, consumer prices dropped 0.36% in July over the previous month, after the 0.46% fall logged in June.