*Uruguay’s national statistics institute (INE) has released its consumer price index (IPC) for October, showing a monthly inflation rate of 0.33%. This marks a deceleration from the 0.37% monthly inflation registered in September. The annual inflation rate in October stood at 5.01%, down from 5.32% the previous month. The category with the highest monthly inflation rate in October was clothing and footwear, which saw prices rise by 2.26%. The only category to register monthly deflation was transport (-0.08%), mainly driven by a drop in fuel prices. However, while the IPC headline inflation rate for October decelerated from the rate registered in September, the core inflation rate (IPE-CE), which excludes fresh fruits, vegetables, and fuels, accelerated. Core inflation in October stood at 0.57%, up from 0.34% in September showed 0.34%.
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LatinNews Daily - 6 November 2024
In brief: Uruguay’s headline inflation slows in October
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- In brief: Uruguay’s headline inflation slows in October