Tuesday, November 29, 2022

Inflation in Uruguay reaches 8.65% and remains far from the target range

Accumulated inflation in Uruguay stood at 8.65% in September and remained far from the target range established by the center-right government of Luis Lacalle Pou, which ranges from 3% to 6%.

According to data released this Wednesday by the National Institute of Statistics, last month’s Consumer Price Index registered a monthly variation of 0.84%.

On the other hand, the document details that the accumulated variation in the last 12 months is 9.95%.

The main incidences in the monthly variation of the index are related to food and non-alcoholic beverages, housing, health, transport and restaurants and hotels.

Specifically, legumes and vegetables increased by 13.31% and fruits by 4.35%, while meat rose by 0.25%.

In terms of housing, the report highlights the increase in the price of rentals, as well as that of mutual medical orders and that of health medication tickets.

Finally, it details that transport fell by 0.45%, a fact that is “fundamentally” due to the drop in fuel.

It is that although tolls increased by 7.50%, gasoline decreased by 3.70%, while the prices of plane tickets fell by 2.54%.

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