FX.co ★ Uruguay Inflation Slows to Lowest in Nearly a Year

In June 2025, Uruguay’s annual inflation rate decreased to 4.59%, a reduction from 5.05% in May, representing the slowest growth since May 2024. This deceleration was mainly driven by a slowdown in price increases for food and non-alcoholic beverages (4.18% compared to 4.74%), housing and utilities (4.22% compared to 4.27%), transportation (2.91% compared to 4.37%), and recreation and culture (4.59% compared to 6.49%). Additionally, the decline in clothing and footwear deflation moderated slightly (-0.99% compared to -1.16%). Conversely, price growth in restaurants and lodging services accelerated (6.97% compared to 6.68%). The Consumer Price Index (CPI) showed a monthly decrease of 0.09%, reflecting seasonal declines, particularly in fresh produce. Year-to-date inflation reached 2.73%, maintaining a comfortable position within the central bank's target range of 3–6%.