Uruguay’s Consumer Price Index (CPI) fell by almost three tenths of a percentage point in January to 8.05 percent year-on-year, compared to 8.29 percent in December, according to data from the National Statistics Institute (INE) of Uruguay.
Inflation had not been at such a low level since December 2021 and has now accumulated four months of declines. The CPI has not been below 8 percent in all of 2022, with November 2021 being the last time it was below this figure.
For their part, prices increased by 1.55 percent in monthly terms, unlike in the previous month, when they decreased by 0.26 percent.
The main effects, expressed in percentage points on the monthly variation of the index for the month of December, came mainly from the food and non-alcoholic beverages (0.48), housing (0.75) and restaurants and accommodation services (0.16) divisions.
Last December, Uruguay’s central bank decided to increase interest rates by 25 basis points to 11.5 percent, one of the highest in the region and in view of the continuation of inflation above the target.
Source: (EUROPA PRESS)
