FX.co ★ Uruguay Inflation Eases in July

In July 2025, Uruguay experienced a moderation in its annual inflation rate, which eased to 4.53% from 4.59% in the previous month. This deceleration in inflation was primarily due to slower price hikes in various sectors such as housing and utilities, which saw an increase of 3.49% compared to 4.22% in June, and transport, which rose by 2.14% down from 2.91%. Other areas with reduced pricing pressures included recreation and culture, furniture and home articles, information and communication technology, education, as well as insurance and financial services. Notably, clothing and footwear continued to experience a decline in prices, posting a deflation of -0.81%, albeit at a reduced rate compared to the previous month's -0.99%. Conversely, there was an acceleration in price increases in certain sectors including food and non-alcoholic beverages, healthcare, dining at restaurants and lodging services, and personal care along with miscellaneous goods. On a monthly scale, consumer prices edged up by 0.05%, marking a modest recovery from the 0.09% deflation observed in June.