LONDON: Consumer prices in Uruguay rose 2.45 percent in January compared with the previous month, official data showed on Wednesday, fractionally higher that the median forecast in a central bank poll of economists. The central bank forecast was for an increase of a 2.40 percent increase in prices.
The increase in the consumer price index was driven by an increase in electricity, water and telephone rates early last month. It left the year-on-year inflation rate at 9.68 percent, above the bank’s target ceiling of 7 percent.
Uruguay posted an inflation rate of 9.44 percent in 2015, fueled by the strong weakening of the Uruguayan peso against the dollar during the year.
