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Inflation in Uruguay during November climbs 0.2%, but still above target

Thursday, December 5th 2013 - 18:49 UTC
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Housing, food and beverage had the greatest price impact during the last month Housing, food and beverage had the greatest price impact during the last month

Consumer prices in Uruguay during November increased 0.2% over the previous month with annual inflation reaching 8.51% compared to the 8.67% of October. Nevertheless in the eleven months of 2013, consumer prices have climbed 9.31%, which is a whole percentage point higher than the same period a year ago, according to the latest release from the country's Stats Office, INE.

 November inflation with 0.2% is half the 0.4% of average expectations and the lowest reading since last December. In November 2012, consumer inflation reached 0.35%. Core inflation which excludes the most volatile elements of the basic basket (such as beef and fresh vegetables and fruits, fuels and government utility rates, stood at 0.37% in November, totaling 8,97%so far this year and 9.16% in the last twelve months.

Items with the greatest influence were Housing and Food and Beverage with 0.08% and 0.05% respectively. In Housing, rent, repairs and paint prices climbed the most (up to 0.53%). Food prices were up 0.18%, while Clothing and Footwear as well as Restaurants and Hotels contributed 0.04 percentage points in each case.

At the other end Transport and Healthcare had a negative impact of 0.02 and 0.01 points respectively.

In the last twelve months to November inflation in Housing was up 16.1% and education, 11.7%.

Categories: Economy, Latin America, Uruguay.

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  • Agustin Tomas O'brien Caceres

    love that new building in Montevideo, haven't seen it in person yet

    Dec 06th, 2013 - 03:43 pm 0
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