Uruguay: Inflation dropped in April and it has been 23 months within the target set

The Consumer Price Index was 5.36% per year, in the second month of Yamandú Orsi's management; in government it aims to converge at 4.5% and one of the first measures it took was the increase of the reference interest rate

In his column “Let Someone Explain It” in Meeting Point, Fabian Tiscornia brought as every beginning of the month the Economic Semaphor where he analyzes the main economic indicators of Uruguay its evolution. This month, of eight indicators evaluated there is one in red, two in yellow and five in green, among the latter is the inflation that decreased in the last month. Somebody explain it: economic traffic light How is the Uruguayan activity? R…

The April Consumer Price Index (CPI) recorded a monthly increase of 0.3%, according to the National Institute of Statistics (INE) on Monday. With this data, the annual variation of inflation was 5.4%, which implies a decrease of 0.3 percentage points compared to March and marks the twenty-third consecutive month within the target range of the Central Bank (between 3% and 6%). Among the main components of the CPI, the food sector showed an annual…