Inflation Uruguay 2021
Average inflation: 7.8%
Current Inflation
Inflation is very high at 7.8%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 9.1%. The lowest inflation was in May at 6.6%.
- Highest month
- February: 9.1%
- Lowest month
- May: 6.6%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 8.0%. The lowest price increase was in Food with an average of 6.9%.
- Highest increase
- Energy: 8.0%
- Lowest increase
- Food: 6.9%
Historical Context
Current inflation is around the 5-year average of 7.9%.
- 5-year average
- 7.9%
- 10-year average
- 8.3%
- All-time high (2020)
- 9.8%
- All-time low (2017)
- 6.2%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (-2.0 percentage point).
- Change vs. previous year
- -2.0 percentage points
- Largest monthly swing
- May: -4.5 percentage points
ECB Target
Inflation is 5.8% 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 €107.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 8.9% | +0.2 |
| February | 9.1% | +0.8 |
| March | 8.3% | -0.9 |
| April | 6.8% | -4.1 |
| May | 6.6% | -4.5 |
| June | 7.3% | -3.1 |
| July | 7.3% | -2.8 |
| August | 7.6% | -2.2 |
| September | 7.4% | -2.5 |
| October | 7.9% | -1.8 |
| November | 7.9% | -1.7 |
| December | 8.0% | -1.4 |
| Average | 7.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.