Uruguay’s Inflation Rate Sees Marginal Increase in February 2025

Uruguay’s inflation rate rose to 5.10% in February 2025, driven by increased housing and utility costs, while the deflation in clothing eased. Food, transportation, and restaurant costs experienced slowed growth, with a monthly consumer price increase of 0.69%.

In February 2025, Uruguay’s annual inflation rate slightly rose to 5.10%, a marginal increase from January’s 5.05%. This change indicates a notable acceleration in price rises, particularly in the housing and utilities sector, where the inflation rate surged to 4.43% compared to 1.92% in the prior month. Conversely, the deflation experienced in clothing and footwear prices softened, decreasing from -2.66% to -1.88%.

Additionally, the rate of increase in costs for food and non-alcoholic beverages was reported at 3.86%, down from January’s 4.27%. Transportation costs decreased to 7.07% from the previous 7.73%, while restaurant and food service costs slightly fell to 7.51% from 7.67%. On a month-over-month basis, consumer prices increased by 0.69%, representing a slowdown compared to the preceding month’s increase of 1.1%.

The inflation rate in Uruguay exhibited a slight uptick in February 2025, primarily driven by rising costs in housing and utilities, with a notable easing of deflation in clothing and footwear. While other sectors such as food, transportation, and dining showed reduced growth rates, the month-over-month consumer price increase also decelerated, indicating a complex interplay of economic factors.

Original Source: www.tradingview.com