Uruguay: Inflation comes in at highest level in over a year in July
Inflation rose to 5.4% in July, following June’s 5.0%. July’s result represented the highest inflation rate since June 2023, yet it remained within the Central Bank’s target range of 3.0–6.0%. Looking at the details of the release, the acceleration chiefly reflected faster price pressures for food and non-alcoholic drinks. Moreover, prices for clothing and footwear fell at a less pronounced pace.
Meanwhile, the trend was unchanged, with annual average inflation coming in at June’s 4.5% in July.
Finally, consumer prices rose 0.11% from the previous month in July, coming in below June’s 0.36% increase. July’s result marked the weakest reading since March.