Tag: Uruguay inflation

• Friday, July 11th 2014 - 01:37 UTC

  Uruguay central bank admits inflation remains the main concern and pledges monetary contraction

  

  Uruguay's Central bank confirmed that inflation remains the leading challenge and ratified the current monetary contractive policy with the M1 money supply index converging to 8% from its current 10.4%, in a 'not too distant horizon'.

• Saturday, July 5th 2014 - 09:13 UTC

  Uruguay's inflation index for June slightly down: 9.08% in twelve months

  

  Uruguay's inflation index experienced a slight deceleration during the twelve months to June, from 9.18% in May to 9.08%, basically because of cheaper fresh food, frozen public utility rates including fuel, while a stabilized exchange rate for the US dollar with a strong Peso, helped with imported goods.

• Tuesday, May 6th 2014 - 06:19 UTC

  Uruguay's inflation index down 0.06% in April; four-month index 4.68%

  

  Uruguay's inflation index was down 0.06% during April with the annual index standing at 9.18% and 4.68% in the first four months of the year, according to the latest release from the country's stats office, INE.

• Friday, April 4th 2014 - 04:35 UTC

  Uruguayan government feels it can tame inflation based on March's index

  

  Inflation in Uruguay during March reached 0.58% accumulating 4.74% in the first quarter and 9.73% in the last twelve months, which is seen as 'positive' and an indication that recent measures to contain prices are 'being successful', according to Economy minister Mario Bergara.

• Thursday, March 6th 2014 - 05:53 UTC

  February confirmed that inflation remains Uruguay's main challenge

  

  Inflation in Uruguay during February reached 1.66% which is equivalent to 9.82% in the last twelve months, the third highest in South America behind Venezuela and Argentina.

• Friday, February 21st 2014 - 08:05 UTC

  Uruguay lowers growth estimate for 2014 to 3% of GDP; inflation still a challenge

  

  Uruguay's GDP this year is expected to expand by 3%, below the original estimate of 4%, according to Economy minister Mario Bergara currently in the United States on a tour to promote investments in the country and who was interviewed by Bloomberg.

• Monday, February 17th 2014 - 10:00 UTC

  Uruguay will appeal to a cut in state-run utilities rates, if necessary, to keep inflation under control

  

  Uruguayan President Jose Mujica admitted that annual inflation would likely remain between 7 and 9% for the rest of his administration, above the government's target maximum, but he will appeal to a cut in state-run utilities rates if necessary to keep the index under control.

• Wednesday, January 15th 2014 - 19:24 UTC

  Uruguay among the world's ten countries with highest inflation

  

  Uruguay is ranked among the world's ten countries with the highest inflation, having climbed from position 15 to 10 last year, only surpassed in Latin America by Venezuela and Argentina. Last year Uruguay ended with an inflation of 8.52%, well above the 4% to 6% target, and according to Central bank officials “it remains the main challenge for the country's economic policy”.

• Thursday, December 5th 2013 - 18:49 UTC

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

  

  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.

• Sunday, October 6th 2013 - 06:56 UTC

  IMF raises Uruguay’s 2013 growth estimate but lowers 2014 forecast

  

  The IMF raised its 2013 economic growth forecast for Uruguay, but lowered its estimates for 2014, saying growth had “moderated to a more sustainable pace” after a decade of strong expansion.