Uruguay’s annual inflation in September reached 9.02%; minister confident it will be brought down

Friday, October 4th 2013 - 06:47 UTC

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Uruguay’s consumer inflation soared 1.36% over August in September boosted by increases in energy and fuel, transport, milk and other basic items, according to the latest release from INE, the government’s data office. This means inflation in the last twelve months climbed to 9.02% from a month ago (8.86%) and 8.2% in the first nine months of 2013. Read full article

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ChrisR
This figure misrepresents the actual inflation which is much higher.

I would estimate the year to-date is more like 13% and I see no sign that it is going down, if anything prices are rising again even before the “season rip-off” by the big hypermarkets who ALWAYS raise prices at the beginning of the season but somehow never REDUCE prices when the season ends.

Is anyone surprised about that? No, I didn’t think so.

It is of course the legacy of The Dear Leader and his band of incompetent wanabe communist ministers, shortly to be ex-ministers and the sooner the better. When I first came to Uruguay I wondered about the short term and no re-elections; I know the reason now though, it’s to prevent idiots like Mujica from completely fucking the country up. Presently it’s only half fucked.
Oct 04th, 2013 - 05:02 pm - Link - Report abuse 0
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