Inflation Uruguay 2024
Average inflation: 4.8%
Current Inflation
Inflation is high at 4.8%, well above the ECB target.
Peak and Trough
The highest inflation was in August at 5.6%. The lowest inflation was in April at 3.7%.
- Highest month
- August: 5.6%
- Lowest month
- April: 3.7%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.7%. The lowest price increase was in Food with an average of 4.7%.
- Highest increase
- Food: 4.7%
- Lowest increase
- Food: 4.7%
Historical Context
Current inflation is 2.7% lower than the 5-year average of 7.5%. This approaches the lowest level since records began (4.8% in 2024).
- 5-year average
- 7.5%
- 10-year average
- 7.5%
- All-time high (2020)
- 9.8%
- All-time low (2024)
- 4.8%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.1 percentage point.
- Change vs. previous year
- -1.1 percentage points
- Largest monthly swing
- April: -3.9 percentage points
ECB Target
Inflation is 2.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 5.1% | -2.9 |
| February | 4.7% | -2.9 |
| March | 3.8% | -3.5 |
| April | 3.7% | -3.9 |
| May | 4.1% | -3.0 |
| June | 5.0% | -1.0 |
| July | 5.4% | +0.6 |
| August | 5.6% | +1.5 |
| September | 5.3% | +1.4 |
| October | 5.0% | +0.7 |
| November | 5.0% | 0.0 |
| December | 5.5% | +0.4 |
| Average | 4.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.