Uruguay: Inflation rises to over one-year high in March
Latest reading: Inflation increased to 5.7% in March from February’s 5.1%, marking the highest inflation rate since June 2023—when price growth first returned to the Central Bank’s 3.0–6.0% target range following the pandemic-era surge. Looking at the details of the release, food and non-alcoholic beverage costs rose at a faster rate. That said, price pressures for housing and utilities plus transportation softened, limiting the headline increase.
As a result, the trend pointed up, with annual average inflation rising to 5.0% in March (February: 4.9%).
Lastly, consumer prices rose 0.57% in March over the previous month, below February’s 0.69% increase.