In February 2025, Uruguay’s annual inflation rate lifted to 5.10% from 5.05%. Major contributors included rising housing and utility costs, along with moderated deflation in clothing and footwear. Growth in food, transportation, and restaurant services slowed, accompanied by a 0.69% monthly rise in consumer prices.
In February 2025, Uruguay’s annual inflation rate experienced a slight rise, reaching 5.10%, compared to 5.05% in January. This increase was primarily driven by a notable acceleration in housing and utility prices, which surged to 4.43% from 1.92% the previous month.
Conversely, the deflation observed in clothing and footwear moderated, moving from -2.66% in January to -1.88% in February. Additionally, growth rates for various essential commodities showed signs of deceleration; food and non-alcoholic beverages increased by 3.86%, down from 4.27%, while transportation prices rose by 7.07%, a decrease from 7.73%.
Further reports indicate that restaurant and food services experienced a slight reduction in growth, shifting from 7.67% to 7.51%. On a month-over-month basis, consumer prices rose by 0.69%, marking a reduction from the 1.1% increase recorded in the preceding month.
The inflation landscape in Uruguay saw a marginal increase in February 2025, primarily influenced by rising housing and utility costs. Despite slight deflation in clothing and footwear, other essential sectors such as food, transportation, and restaurant services exhibited slower growth. The month-over-month consumer price increase also showed a downward trend, signaling potential changes in economic dynamics.
Original Source: www.tradingview.com
