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Uruguay's August 2021 inflation slightly above government targets - MercoPress

Uruguay’s August 2021 inflation slightly above government targets – MercoPress

Uruguay’s inflation for August 2021 is slightly above government targets

Saturday 4 September 2021 – 09:50 UTC

August was the second largest monthly increase so far this year, according to Uruguay’s INE.

Uruguay’s National Institute of Statistics (INE) released its monthly report on Friday under which the Consumer Price Index (CPI) for August 2021 showed an increase of 0.85%.

Friday’s data puts rates on an annualized basis at 7.59%, somewhat above the government’s target, while inflation in the first eight months of the year rose 6.19% to an annual forecast higher than the government’s plans of between 3% and 7%.

August was the second largest monthly increase so far this year, lower than January’s 1.6%, with food and non-alcoholic beverages accounting for most of the increase (0.86%), along with transportation (1.78%) and healthcare (1.77). %). ). None of the items that the INE monitors globally showed a negative variance as a whole, although there were some declines in certain prices, which were offset by strong increases within the same item.

Fruit prices decreased by -0.43% due to the decrease in the prices of oranges (-5.83%) and strawberries (-14.28%), but this was offset by the increase in the prices of bananas (4, 02%) and pears (9.16%).

Legumes and vegetables also posted ups and downs: tomatoes fell -12.43%, carrots -8.87% and peppers -11.15%. But zucchini is up 12.46%.

Housing increased by 0.53%, mainly due to the increase in the price of gas for home use by 12.57%.

The general increase in transportation costs was driven by an increase in the prices of regular fuel by 7.58%, diesel by 10.94%, taxi fare by 5.25% and school buses by 3.90%.

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