Uruguay Inflation Slows Further in January

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Uruguay’s annual inflation eased to 3.46% in January 2026 from 3.65% in December, the lowest level since August 2005. Prices fell further in clothing and footwear (-3.3% vs -2.6%) and transport (-3.5% vs -1.4%). Inflation also slowed for alcoholic beverages and tobacco (3.8% vs 4.1%), furniture and household articles (0.9% vs 1.4%), and healthcare (1.7% vs 5.4%). On a monthly basis, consumer prices rose 0.9%, rebounding from a 0.1% decline in the previous month.

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