Inflation declines slightly, but remains outside the target range


This Friday, November 3, the INE presented its monthly report on the CPI for November.

In the last 12 months to November, it was 7.86%, still outside the target range, which is between 3 and 7%.

Inflation in the last 12 months to October was 7.89%, as of September 7.41%, in August 7.59%, in July it was 7.3%, in June it was also 7.3%, as of May (6.64%), in April (6.76%) the only two months that were within the target range of the Central Bank of Uruguay, in March (8.34%), in February (9.12%) the highest value high of the year, and in January (8.89).


The main incidents, in the monthly variation of the index, come from the following divisions: “Food and non-alcoholic beverages” (-0.22%), “Clothing and footwear” (0.04%), “Housing” ( 0.05%), “Furniture, articles for the home and for home maintenance” (0.12%), “Transportation” (0.06%), and “Restaurant and hotels (0.08%)”.

The price that is considered for the calculation of the CPI is the buyer price, defined as the cash price actually paid including indirect taxes paid by the buyer, clarifies the INE in its report.

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