FX.co ★ Uruguay Inflation Slows Further in January

Uruguay experienced a decline in its annual inflation rate to 3.46% in January 2026, down from 3.65% in December, marking the lowest inflation rate since August 2005. Notable reductions were observed in the prices for clothing and footwear, which decreased by 3.3% compared to a previous decline of 2.6%, and transport costs, which fell by 3.5% following a 1.4% decline. Additionally, the inflation rates for alcoholic beverages and tobacco, furniture and household articles, and healthcare experienced deceleration, registering at 3.8% (down from 4.1%), 0.9% (down from 1.4%), and 1.7% (down from 5.4%), respectively. On a month-to-month basis, consumer prices saw an increase of 0.9%, rebounding from a 0.1% decrease in the prior month.