Inflation in Uruguay fell to 5.98% year-on-year, which represents its lowest level in 5 years and remains within the range of the official goal, as reported this Wednesday by the National Institute of Statistics (INE).
The Consumer Price Index (CPI) fell 0.46% in June compared to Mayand registers an accumulated variation so far this year of 3.78%.
The decrease in the CPI for June responds especially to the transport category (-1.60%) and food and non-alcoholic beverages (-0.31%), within which the drop in the prices of vegetables and legumes (- 8.38%) and that of fruits and nuts (-7.40%).
Uruguay on alert for the water crisis
In contrast, the prices of housing, water, electricity, gas and other fuels (+0.37) were the ones that grew the most.
Meanwhile, in the last 12 months, the item that had the greatest incidence on inflation was food and non-alcoholic drinksthat became expensive 10.22%followed by restaurants and accommodation services (+9.39%).
In this way, inflation of 5.98% year-on-year is located within the target range of the Central Bank of Uruguay, set between 3% and 6% annually.
As the cost of capital climbs, pursuing growth transforms into something far more nuanced than…
Released in December 1997, James Cameron’s Titanic emerged as not just a box office juggernaut…
Hard-to-abate industries such as cement, steel, chemicals, refining, and heavy transport account for a large…
Switzerland’s international financial and trading hubs have traditionally served as powerhouses for banking, wealth management,…
A slower-growth environment is characterized by modest demand expansion, cautious consumer spending, tighter capital markets,…
Cybersecurity threats have shifted from being a technical concern to a central business risk. As…