The Consumer Price Index, CPI, in Uruguay climbed 0.99% during February, accumulating 2.91% in the first two months of the year, and 8.89% in the last twelve months, far above the government’s target of 4% to 6%, according to the National Institute of Statistics, INE Monday release.
Uruguay’s consumer price index in August was 0.56%, the lowest increase since the same month in 2005 helping to bring down the twelve-month index to 7.57% from 8.25% and giving the government a relief.