Uruguay: Inflation declines in January
Latest reading: Inflation eased to 5.0% in January from December’s 5.5%, remaining within the Central Bank 3.0–6.0% inflation target range. Looking at the details of the release, prices for food and non-alcoholic beverages grew at a more moderate pace. Moreover, price pressures for housing and utilities waned. In contrast, transportation costs rose at a faster clip.
The trend was unchanged, with annual average inflation coming in at December’s 4.8% in January.
Lastly, consumer prices rose 1.10% from the previous month in January, picking up from December’s 0.34% increase. January’s result marked the highest reading since January 2024.