MONTEVIDEO: Inflation in Uruguay was within the government’s target range for the second month in a row after years of clocking consumer price increases well above the targeted ceiling, the official National Statistics Institute said on Thursday. Price rose 0.22 percent in April, bringing 12-month inflation to 6.49 percent.
The 12-month target set by the government and central bank is 3 to 7 percent. March inflation was 0.68 percent, which put the 12-month rate within the target range for the first time since 2010. Central bank chief Mario Bergara said on March 30 that Uruguay would re-enter its target range “sooner rather than later” after the government reported that February’s 12-month inflation rate was 7.1 percent.
