Itaú BBA - Macro Scenario - Uruguay: Inflation above the target range

Macro Latam

< Back

Macro Scenario - Uruguay: Inflation above the target range

January 16, 2019

A weaker currency and a hike in food prices explain most of the increase in the year

For the full version with all charts and tables, please open the attached pdf file 
 

• Consumer prices rose by 8% in 2018 due to a weaker currency and a hike in food prices. We expect a modest deceleration in inflation in 2019, remaining above the upper bound of the target range (3%-7%).

• Economic activity will remain weak, affected by a sluggish tourist season, lagging exports of goods and low investment. We forecast GDP growth of 1% in 2019, following a 1.9% expansion in 2018.
 

Juan Carlos Barboza
Diego Ciongo

 

For the full version with all charts and tables, please open the attached pdf file



< Back