Latest reading: Consumer prices rose 3.4% in annual terms in July, following a 3.5% rise in the previous month. The...
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
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 7.7 | 9.1 | 5.9 | 4.8 | 4.6 |
| Inflation (CPI, ann. var. %, eop) | 8.0 | 8.3 | 5.1 | 5.5 | 3.6 |
| Inflation (PPI, ann. var. %, aop) | 14.4 | 12.4 | -7.5 | 3.3 | 7.1 |
Inflation is unchanged in July
Latest reading: Consumer prices increased 4.3% in annual terms in July, unchanged from the prior month's reading. July's reading was the strongest since October 2025. Relative to the prior month's data, there were higher price pressures for food and non-alcoholic beverages (+3.0% in annual terms vs +2.6% in June) and housing (+5.0% vs +4.9% in June). In contrast, there were milder price pressures for clothing and footwear (-5.8% vs -5.2% in June) and transportation (+5.8% vs +7.7% in June). Finally, consumer prices rose 0.07% in July in month-on-month terms, following a 0.37% increase in the prior 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
-
United States: Inflation decelerates in July from the prior month -
Czech Republic: Inflation accelerates in July from the prior month Latest reading: Consumer prices were up 1.7% in annual terms in July, following a 1.5% increase in the previous month.... -
Guatemala: Inflation picks up in July from the prior month Latest reading: Consumer prices increased 2.7% on a year-on-year basis in July, following a 2.3% rise in the previous month.... -
China: Inflation slows in July from the prior month Latest reading: Consumer prices were up 0.5% in annual terms in July, following a 1.0% increase in the previous month... -
Mexico: Inflation ebbs in July from June Latest reading: Consumer prices increased 3.1% in annual terms in July, following a 3.4% rise in the prior month. July’s... -
Norway: Inflation accelerates in July from the prior month Latest reading: Consumer prices were up 3.0% on a year-on-year basis in July, following a 2.7% increase in the previous... -
Thailand: Inflation eases in July from June Latest reading: Consumer prices increased 1.9% in annual terms in July, following a 2.4% rise in the prior month. Relative...