Inflation Uruguay 2022
Average inflation: 9.1%
Current Inflation
Inflation is very high at 9.1%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 9.9%. The lowest inflation was in January at 8.2%.
- Highest month
- September: 9.9%
- Lowest month
- January: 8.2%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 11.1%. The lowest price increase was in Energy with an average of 7.1%.
- Highest increase
- Food: 11.1%
- Lowest increase
- Energy: 7.1%
Historical Context
Current inflation is 0.7% higher than the 5-year average of 8.4%. This approaches the highest level since records began (9.8% in 2020).
- 5-year average
- 8.4%
- 10-year average
- 8.4%
- All-time high (2020)
- 9.8%
- All-time low (2017)
- 6.2%
Trend
Inflation has remained relatively stable. Compared to 2021, the difference is minimal (+1.3 percentage point).
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- May: +2.8 percentage points
ECB Target
Inflation is 7.1% 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 €109.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 8.2% | -0.7 |
| February | 8.8% | -0.3 |
| March | 9.4% | +1.1 |
| April | 9.4% | +2.6 |
| May | 9.4% | +2.8 |
| June | 9.3% | +2.0 |
| July | 9.6% | +2.3 |
| August | 9.5% | +1.9 |
| September | 9.9% | +2.5 |
| October | 9.0% | +1.1 |
| November | 8.5% | +0.6 |
| December | 8.3% | +0.3 |
| Average | 9.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.