Uruguayan government unable to keep inflation below two digits

Friday, December 4th 2015 - 05:23 UTC

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Inflation in Uruguay during the first eleven months of 2015 was double digit, 10.04%, a figure which if confirmed by the end of the year, could trigger a rash of labor review demands from unions. According to the country's stats office INE, in November retail prices climbed 0.43%, and in the last twelve months reached 9.46%, ahead of October's 9.15%. Read full article

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ChrisR
And this was not expected?

Mujica or the 'No Money Pepe' fame for his scolding of the teachers for wanting their two-year-old AGREED pay claim paying, increased the cost of all fuels 10% last year then wondered why virtually everything went up immediately!!

The knock-on effects of that stupid rise (without consulting any body else in the government, even the crook in charge at ANCAP, now our VeeP) are now coming home to roost.
Dec 04th, 2015 - 12:18 pm - Link - Report abuse 0
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