Latest reading: Consumer prices rose 0.7% on a year-on-year basis in January, following a 1.3% rise in the previous month....
Inflation in Uruguay
Consumer price inflation in Uruguay averaged 7.8% in the ten years to 2024, in line with the Latin America regional average of 10.8%. The 2024 average figure was 4.8%. For more information on inflation, visit our dedicated page.
Uruguay Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Uruguay from 2014 to 2025.
Source: Macrobond.
Uruguay Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 9.8 | 7.7 | 9.1 | 5.9 | 4.8 |
| Inflation (CPI, ann. var. %, eop) | 9.4 | 8.0 | 8.3 | 5.1 | 5.5 |
| Inflation (PPI, ann. var. %, aop) | 10.5 | 14.4 | 12.4 | -7.5 | 3.3 |
Inflation hits an over-decade low in January
Latest reading: Consumer prices rose 3.5% in annual terms in January, following a 3.6% rise in the previous month. January's reading was the weakest since August 2005. Relative to the previous month's data, there were milder price pressures for clothing and footwear (-3.3% on a year-on-year basis vs -2.6% in December) and transportation (-3.5% vs -1.4% in December). In contrast, there were more notable price pressures for food and non-alcoholic beverages (+4.7% vs +4.5% in December) and housing (+5.4% vs +4.1% in December). Lastly, consumer prices were up 0.92% in January in month-on-month terms, following a 0.09% fall in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Uruguayan inflation projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Uruguayan inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Uruguayan inflation projections.
Want to get access to the full dataset of Uruguayan inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Chile: Inflation ebbs in January from December Latest reading: Consumer prices rose 2.8% on a year-on-year basis in January, following a 3.4% rise in the prior month.... -
Colombia: Inflation remains above target in January Latest reading: Consumer prices increased 5.4% on a year-on-year basis in January, following a 5.1% rise in the previous month... -
Costa Rica: Year-on-year fall in consumer prices deepens in January Latest reading: Consumer prices were down 2.5% on a year-on-year basis in January, following a 1.2% fall in the previous... -
Ecuador: Inflation hits a 20-month high in January Latest reading: Consumer prices increased 2.4% on a year-on-year basis in January, following a 1.9% increase in the prior month.... -
Uruguay: Inflation hits an over-decade low in January Latest reading: Consumer prices rose 3.5% in annual terms in January, following a 3.6% rise in the previous month. January’s... -
Peru: Inflation picks up in January from December Latest reading: Consumer prices in Lima were up 1.7% on a year-on-year basis in January, following a 1.5% increase in...