Inflation Uruguay 2008
Average inflation: 7.9%
Current Inflation
Inflation is very high at 7.9%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 9.2%. The lowest inflation was in April at 7.1%.
- Highest month
- December: 9.2%
- Lowest month
- April: 7.1%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 13.9%. The lowest price increase was in Energy with an average of 11.1%.
- Highest increase
- Food: 13.9%
- Lowest increase
- Energy: 11.1%
Historical Context
Current inflation is around the 5-year average of 7.5%. This approaches the highest level since records began (8.1% in 2007).
- 5-year average
- 7.5%
- 10-year average
- 7.5%
- All-time high (2007)
- 8.1%
- All-time low (2006)
- 6.4%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by -0.2 percentage point.
- Change vs. previous year
- -0.2 percentage points
- Largest monthly swing
- August: -1.7 percentage points
ECB Target
Inflation is 5.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €107.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 7.4% | +0.6 |
| February | 7.8% | +1.0 |
| March | 8.0% | +0.6 |
| April | 7.1% | -1.0 |
| May | 7.2% | -1.1 |
| June | 8.4% | +0.3 |
| July | 8.0% | 0.0 |
| August | 7.3% | -1.7 |
| September | 7.5% | -1.4 |
| October | 8.1% | -0.8 |
| November | 8.5% | -0.1 |
| December | 9.2% | +0.7 |
| Average | 7.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.