Uruguay experienced a decline in its annual inflation rate, decreasing to 4.09% in November 2025 from 4.32% the previous month. This marks the lowest rate observed since April 2024. Key sectors contributing to this reduction included food and non-alcoholic beverages, which saw a shift from a 0.85% increase in October to a 0.23% decrease; alcoholic beverages and tobacco, changing from a 0.33% rise to a 0.34% fall; and recreation, sport, and culture, which slowed to 0.21% from 0.55%. Additional sectors exhibiting deceleration were personal care, social protection, and sundries (0.36% down from 0.75%), furniture and household articles (decreasing to 0.12% from 0.16%), and clothing and footwear, sharply reducing from 2.07% to 0.09%. Conversely, other areas witnessed heightened price increases, notably health (up to 0.82% from 0.20%), transport (rising to 0.65% from 0.01%), restaurants and accommodation (up to 0.46% from 0.38%), information and communication (0.24% following a stagnant 0.00%), education (increasing to 0.19% from 0.01%), and insurance and financial services, which transitioned from a negative -0.21% to a minor positive of 0.01%. On a month-to-month scale, the Consumer Price Index (CPI) saw a 0.14% increase in November, following a 0.40% rise in October.