Inflation in January it moderated and it was located at 8.05% accumulated in the last 12 months.
The data released this Friday by the National Institute of Statistics (INE) show that the Consumer Price Index (CPI) registered a monthly variation of 1.55% in the first month of the year. The data was below what was expected by the market (1.7% according to the BCU survey).
This variation was driven -as has been the case for several years in January- due to the end of the bonus plans that UTE applies in December. He UTE Rewards lowers the household electricity bill at the end of each year and then in January the values return to normal, which causes a jump in prices.
There were also increases in baked goods, meats, fruits, vegetables and cigarettes. These increases were cushioned by the drop in prices for products such as gasoline and diesel.
The relevant data is year-on-year inflation, which in the last month had a slight moderation. In any case, the indicator is still above the target range set by the Central Bank of Uruguay (between 3% and 6%).
inflation in january
In January, the items with the highest incidence in the CPI were housing (0.75%), food and non-alcoholic beverages (0.48%), restaurants and lodging services (0.16%), tobacco and narcotics (0.09%), information and communication (0.09% ) and transportation (-0.17%)
Within the heading living place which increased 5.93%, the increase in rents (0.53%), water supply (6.7%), common expenses (1.78%) and electricity supply (16.77%). There is a drop in the piped gas supply bill (-11.78%).
The item food and non-alcoholic beverages rose 1.85%. It is explained by increases in breads and bakery products (1%), meats (0.59%), milk, other dairy products and eggs (0.68%).
Also the fruits went up (10.17%). The increase in the prices of lemons (54.09%), oranges (32.38%), apples (6.45%), peaches (10.34%), and strawberries (50.63%), and decrease in the price of bananas (-4.12%).
While, vegetables and legumes increased 8.66%. The increase in lettuce (20.65%), chard (17.57%), bell peppers (8.85%), tomatoes (16.57%), zucchini and zucchini (18.32%), carrots (22 25%) and sweet potatoes (20.26%). There was a drop in the price of Creole squash, squash and kabutiá (-14.20%).
On the other hand, the Transportation category registered a fall of 1.47%. Here stands out the drop in the prices of diesel (-9.23%), naphtha (-3.98%) and plane ticket (-13.24%). And there were increases in automobiles (1.65%) and local bus tickets (4.56%).
