INSUBCONTINENT EXCLUSIVE:
This range, set by the Central Bank of Uruguay (BCU), spans from 3% to 6%
The National Statistics Institute (INE) released this data on Friday.The Consumer Price Index (CPI) showed a slight increase compared to
This trend indicates a stable economic environment in Uruguay.December 2024 saw a monthly CPI rise of 0.34%
Key drivers were recreation, sports, and culture at 3.07%, restaurants and accommodation at 1.03%, and transport at 0.82%
(Photo Internet reproduction)Analysts had predicted a 5.37% inflation rate for 2024
Their forecast for December was a 0.2% monthly increase
The actual results closely matched these projections, suggesting accurate economic assessments.Since mid-2023, Uruguay has experienced its
lowest inflation levels since 2005
Monetary Policy Rate by 25 basis points to 8.75% in late December
This move aims to guide inflation and expectations towards 4.5% annually within two years
The government has managed to control inflation without resorting to heavy-handed interventions
This strategy aligns with principles of economic freedom and responsible fiscal management.
