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MercoPress, en Español

Montevideo, September 21st 2024 - 12:04 UTC

Tag: Uruguay inflation

  • Thursday, June 20th 2024 - 19:17 UTC

    Montevideo remains the most expensive city in the region

    The Uruguayan capital ranked 42nd in the world according to Mercer's list released this week

    Montevideo remained South America's most expensive place to live according to the Mercer Ranking released this week, closely followed by Buenos Aires, a place that has been moving up fast since President Javier Milei's Dec. 10, 2023, inauguration. The list helps multinational employers plan their strategies regarding compensations and other expenses, it was explained. Hong Kong stayed at the top, followed by Singapore, and Sitzerland's Zurich, Geneva, and Basel.

  • Saturday, June 4th 2022 - 08:12 UTC

    Uruguay's inflation above target but exports hit new records

    China remained the main destination for Uruguayan sales abroad

    Year-on-year inflation in Uruguay in the month of May of 2022 has been reported to still be nearly 35% above the target range set by the government of President Luis Lacalle Pou, while exports amounted to US$ 1.5 billion, which set a record high.

  • Thursday, July 29th 2021 - 07:46 UTC

    Uruguay economy forecasted to grow 3,5% in 2021, with inflation above target, Central bank report

    The expected evolution of the activity level anticipates a recovery to pre-pandemic levels in the third quarter of this year

    The Uruguayan Central bank in its second-quarter Monetary Policy report forecasted a 3,5% expansion for the country's economy, the same as the estimate of the Finance ministry, but anticipated higher inflation because of an increase in public rates and commodities.

  • Thursday, April 6th 2017 - 12:53 UTC

    Uruguay's March inflation finally drops to the Central bank target range

    Regarding food and beverage, bread and cereals was up 0.89% in March. Meat climbed 0.35%, pushed mainly by higher poultry prices, 3.47%.

    Consumer prices in Uruguay rose 0.68% in March, the government said in a statement on Wednesday, bringing the country's 12-month inflation rate to 6.81%. It was the first time since December 2010 that Uruguayan inflation was within the country's 3% to 7% target range.

  • Saturday, January 7th 2017 - 07:14 UTC

    Uruguayan bureaucrats good at cooking inflation numbers

    “UTE Prize”, a good instrument used every December, since 2012, to ensure annual inflation remains at a single digit

    Last December, the CPI actually contracted 0.55%, something similar to what happened twelve months before helped by a significant decrease in the power rate, estimated at 19.65% and which benefitted over a million clients. The logo of the end of the year bonus campaign is “Ute Prize” (UTE is the Uruguayan power company which works under a government monopoly regime).

  • Friday, December 4th 2015 - 05:23 UTC

    Uruguayan government unable to keep inflation below two digits

    The item with the largest influence was Food and beverage, representing a third of November's 0.43% increase.

    Inflation in Uruguay during the first eleven months of 2015 was double digit, 10.04%, a figure which if confirmed by the end of the year, could trigger a rash of labor review demands from unions. According to the country's stats office INE, in November retail prices climbed 0.43%, and in the last twelve months reached 9.46%, ahead of October's 9.15%.

  • Thursday, August 6th 2015 - 08:35 UTC

    Uruguay inflation at an annualized 9%; 60 days price-freeze of 1.400 items

    The 1.400 items price agreement is conditioned to ensuring that the US dollar, currently almost at 29 Pesos, in the next two months does not reach 30 Pesos

    Uruguay's inflation climbed 1.21% during July and reached 6.91% in the first seven months of the year and 9.02% in the last twelve months, according to the release from the country's stats office, INE. In July 2014 inflation was 0.75%.

  • Tuesday, March 3rd 2015 - 06:34 UTC

    Uruguay's economy vulnerabilities: inflation and budget deficit, says IMF report

    Above-target inflation leaves little room for a countercyclical monetary policy response

    The Uruguayan economy is decelerating gradually after a decade of strong and inclusive growth. Export receipts are growing at a markedly lower clip than a few years ago and domestic demand growth is slowing towards a more sustainable pace. At the same time, inflation remains above the target range and the primary fiscal balance has weakened further in 2014.

  • Monday, October 6th 2014 - 06:44 UTC

    Uruguay forced to lower public utility rates to keep inflation below 10%

    The items with the largest increases during September were transport, 2.04% and food and beverage, 1.83% compared to the same month a year ago.

    Uruguay's inflation indicator dropped to 8.36% in September from 8.75% in August, according to the latest report from the country's stats office INE. During September consumer prices increased a full 1%, and 8,04% in the first nine months of the year. However despite the high percentage it is below the same period a year ago: 8.41%.

  • Thursday, August 7th 2014 - 08:02 UTC

    Uruguay inflation hard to break: in July it remained stubbornly above 9%

    Food and beverage are one of the items which has increased most in the last seven months

    Inflation in Uruguay remains hard to break having reached 6.17% in the first seven months of the year, the highest since 2007 (6.38%) and over 9% in the last twelve months well ahead of the government's target of 3% to 7%, according to the latest figures from the stats office, INE.

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